Westinghouse Air Brake Technologies Corporation (WAB) Shares are Up 6.29%

Westinghouse Air Brake Technologies Corporation (WAB) : Traders are bullish on Westinghouse Air Brake Technologies Corporation (WAB) as it has outperformed the S&P 500 by a wide margin of 7.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.11%, 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 6.29% in the last 1 week, and is up 6.51% 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 6.5% and the 50-Day Moving Average is 10.48%.The 200 Day SMA reached 11.49%

Westinghouse

Westinghouse Air Brake Technologies Corporation (NYSE:WAB): After opening at $79.68, the stock dipped to an intraday low of $79.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $82 and the buying power remained strong till the end. The stock closed at $81.65 for the day, a gain of 3.46% for the day session. The total traded volume was 1,880,199. The stocks close on the previous trading day was $81.65.

Westinghouse Air Brake Technologies Corporation (WAB) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $100 and the lowest price target forecast is $72. The average forecast of all the analysts is $88.8 and the expected standard deviation is $11.08.

Westinghouse Air Brake Technologies Corporation (Wabtec) is a provider of technology-based products and services to freight rail and passenger transit industries. The Companys products are used in locomotives, freight cars subway cars and buses, and other vehicles in United States and other countries across the world. The Company operates through two business segments: the Freight Segment and the Transit Segment. The Freight Segment manufactures and services components for new and existing locomotive and freight cars, supplies railway electronics, positive train control equipment, signal design and engineering services, builds switcher locomotives, rebuilds freight locomotives and provides heat exchangers and cooling systems for rail and other industrial markets. The Transit Segment manufactures and services components for new and existing passenger transit vehicles, such as subway cars and buses, builds new commuter locomotives and refurbishes subway cars.

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