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Quanta Services Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Quanta Services (NYSE:PWR) traded today at $25.46, breaking its 52-week low. So far today approximately 164,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Quanta Services share prices have moved between a 52-week high of $44.09 and the current low of $25.46 and are currently at $26.34 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 2.6%.

Quanta Services, Inc. provides specialized contracting services to electric utilities, telecommunication and cable television operators, and governmental entities. The Company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers. Quanta operates projects throughout North America.

Potential upside of 78.4% exists for Quanta Services, based on a current level of $26.34 and analysts' average consensus price target of $47.00. Quanta Services shares should first meet resistance at the 50-day moving average (MA) of $38.19 and find additional resistance at the 200-day MA of $38.38.

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

Keywords: 52 week high/lows Quanta Services

Ticker(s): PWR