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Watch for Wabtec Corp to Potentially Rebound After Falling 10.05% Yesterday

By David Diaz

Wabtec Corp (NYSE:WAB) traded in a range yesterday that spanned from a low of $100.82 to a high of $112.00. Yesterday, the shares fell 10.0%, which took the trading range below the 3-day low of $110.59 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Wabtec Corp on July 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.33. Since that recommendation, shares of Wabtec Corp have risen 7.5%. We continue to monitor WAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Wabtec Corp share prices have been bracketed by a low of $69.75 and a high of $115.40 and are now at $102.66, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.9%.

Keywords: rebounders wabtec corp

Ticker(s): WAB