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MasTec Inc. Breaks Below 200-Day Moving Average - Bearish for MTZ

By Market News Video Staff, Thursday, August 4, 4:54 PM ET
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In trading on Thursday, shares of MasTec Inc. (NYSE:MTZ) crossed below their 200 day moving average of $17.75, changing hands as low as $17.19 per share. MasTec Inc. shares are currently trading off about 12.2% on the day. The chart below shows the one year performance of MTZ shares, versus its 200 day moving average:

MasTec Inc.  200 Day Moving Average Chart

Looking at the chart above, MTZ's low point in its 52 week range is $9.34 per share, with $23.17 as the 52 week high point — that compares with a last trade of $18.01.

According to the ETF Finder at ETF Channel, MTZ makes up 2.84% of the Dynamic Building & Construction Portfolio ETF (AMEX:PKB) which is trading lower by about 5.6% on the day Thursday.

     See what other ETFs contain MTZ »
     See what other stocks are held by PKB »

MTZ operates in the Construction sector, among companies like Chicago Bridge & Iron Co., N.V. (NYSE:CBI) which is down about 10% today, and AGCO Corp. (NYSE:AGCO) trading lower by about 8.3%. Below is a three month price history chart comparing the stock performance of MTZ, versus CBI and AGCO.

MTZ,CBI,AGCO Relative Performance Chart


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This Article's Word Cloud:   AGCO   According   Below   Bridge   Building   Channel   Construction   Investment   Iron   MasTec   Moving   NYSE   Portfolio   Thursday   about   above   allows   asset   average   below   bonds   chart   classes   companies   completely   currently   designed   growth   hands   history   lower   moving   other   performance   point   portfolio   price   range   raquo   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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