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Wabtec Corp (WAB-N) Quote - Press Release

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Wabtec Corp Rises 1.09% on Heavy Volume: Watch For Potential Pullback

Comtex SmarTrend(R) - Wed Sep 11, 12:25PM CDT

Wabtec Corp (NYSE:WAB) traded in a range yesterday that spanned from a low of $72.25 to a high of $73.52. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $72.25 on volume of 845,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Wabtec Corp on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.09. Since that recommendation, shares of Wabtec Corp have risen 4.6%. 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, shares of Wabtec Corp have traded between a low of $61.00 and a high of $115.40 and are now at $72.93, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.

Write to SmarTrend at cs@mysmartrend.com

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