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Bullish Moving Average Cross by Wabtec Corp (WAB)

By James Quinn

Wabtec Corp (NYSE:WAB) shares have crossed bullishly above their 10-day moving average of $69.96 on a volume of 158K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Wabtec Corp has traded in a range of $61.00 to $96.50 and is now at $71.50, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Wabtec Corp and will alert subscribers who have WAB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wabtec corp

Ticker(s): WAB