Quanta Services (PWR) : Traders are bullish on Quanta Services (PWR) as it has outperformed the S&P 500 by a wide margin of 6.9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.85%, 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 0.79% in the last 1 week, and is up 10.49% 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 2.97% and the 50-Day Moving Average is 7.08%. Quanta Services, Inc. is up 7.93% in the last 3-month period. Year-to-Date the stock performance stands at 26.42%.
Quanta Services (NYSE:PWR): stock turned positive on Friday. Though the stock opened at $25.57, the bulls momentum made the stock top out at $25.7201 level for the day. The stock recorded a low of $25.26 and closed the trading day at $25.6, in the green by 0.12%. The total traded volume for the day was 1,140,459. The stock had closed at $25.57 in the previous days trading.
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.