Quanta Services (PWR) : Traders are bullish on Quanta Services (PWR) as it has outperformed the S&P 500 by a wide margin of 7.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.62%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.79% in the last 1 week, and is up 7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.2% and the 50-Day Moving Average is 9.19%.The 200 Day SMA reached 23.44%
Quanta Services (NYSE:PWR): After opening at $27.78, the stock dipped to an intraday low of $27.73 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.14 and the buying power remained strong till the end. The stock closed at $27.99 for the day, a gain of 0.68% for the day session. The total traded volume was 1,899,266. The stocks close on the previous trading day was $27.99.
Quanta Services (PWR) : Currently there are 9 street experts covering Quanta Services (PWR) stock. The most bullish and bearish price target for the stock is $33 and $24 respectively for the short term. The average price target of all the analysts comes to $28.39. The estimated standard deviation from the target is $2.45.
Quanta Services, Inc. (Quanta) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power, and natural gas and oil pipeline industries. The Company operates in two segments, such as electric power infrastructure services, and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services, such as design, installation and maintenance of electric power transmission and distribution infrastructure and substation facilities, among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design, installation and maintenance of pipeline transmission, distribution systems and gathering systems, among others.