Trade Alert - MasTec High Volume | Tech-Corner

Facebook (FB)

JP Morgan (JPM)

AutoZone (AZO)

Yahoo (YHOO)

Apple (AAPL)

Medtronic Reports Fourth Quarter Earnings

Cracker Barrel Reports Earnings, Increases Guidance

Best ETFs For Facebook Exposure

Is Yum! Brands Closing in to Support?

Intuitive Surgical Bullish Signs

Trade Alert - MasTec High Volume

Published on Tuesday, 24 January 2012 11:38 Written by Christian Paolinetti

mtz New York, January 24th (TradersHuddle.com) - Unusual high volume detected on shares of MasTec Inc. (NYSE:MTZ), early in the trading session. MasTec is currently trading lower by 2.13%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

MasTec Inc. (NYSE:MTZ), is a specialty contractor operating across a range of industries. The Companys activities are the building, installation, maintenance and upgrade of utility and communications infrastructure, including electrical utility transmission and distribution, windfarms, solar farms, other renewable energy and natural gas infrastructure, wireless, and wireline.

MasTec has already traded 0.823 times its 3-month average volume, and has calculated support and resistance at $17.02 and $18.85 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.18% from its previous trading close, which means that MasTec stock is underperforming the overall market.

MasTec Inc. (MTZ): Today's Featured Industrial Goods Winner - TheStreet.com
Top 4 Small-Cap Stocks In The Heavy Construction Industry With The Lowest PEG Ratio - Benzinga
MasTec Announces Withdrawal from Teamsters Central States Pension Plan - Benzinga

JIM CRAMER wants to work for YOU. JIM does the research -- YOU get email alerts each time he trades. JIM provides access to his actual portfolio -- YOU can use it to guide your portfolio strategy. Try Jim's Action Alerts PLUS for FREE!