One of today's stocks on the move is Wabtec (NYSE:WAB), down 2.9% to $67.18. The S&P is currently trading 0.3% lower to 1,309 and the Dow Jones Industrial Average is trading 0.4% lower to 12,600.
Wabtec has overhead space with shares priced $67.18, or 17.3% below the average consensus analyst price target of $81.25. The stock should hit resistance at its 50-day moving average (MA) of $68.55, as well as support at its 200-day MA of $64.30.
Wabtec Corporation, doing business as Westinghouse Air Brake Technologies Corporation, provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec also builds new locomotives and provides aftermarket services.
Over the past year, Wabtec has traded in a range of $49.38 to $75.08 and is now at $67.18, 36% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
