The MarketSmith Relative Strength scan finds Quanta Services (PWR) for the third day, amongst the top 20 candidates from last night’s scan. Last week Quanta Services was a top pick for a bullish follow-through into this week.
Top 20 MarketSmith Relative Strength Candidates
All of these candidates look bullish.
Quanta Services (PWR)
Earnings and sales are persistent as well, growing for the past 6 years. Projections for 2021 are for a surge to ($4.19/sh) an increase of 19%.
Quanta Services Background
Quanta constructs and maintains everything from generating stations, substations, transmission lines of any size, and distribution lines. With companies around the globe and the most highly skilled and trained workforce in the industry, we deliver world-class execution on a local level.
In addition, the company provides comprehensive services across the pipeline and industrial sectors, including the construction of gathering systems and transmission pipelines with compressor stations along the way to major industrial users and residential gas distribution delivery.
With the implementation and rollout of 5G services, Quanta also provides engineering and design, program management, and full turnkey fiber installation capabilities, wireless and make ready services.
Infrastructure will likely be a major issue in the coming years, as updates to the electrical and communications grid are implemented. Quanta Services seems ready to execute and institutions are buying.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we navigate the current environment. Watch, listen. and trade from 9:20 AM to 4:15 PM Monday through Friday.
Want to become a member? Check details here:
Disclosure: As an #ibdpartner, that means my use of investors business daily suite of services is complimentary. I also receive compensation from the company for my technical analysis services.
Disclaimer: Do your Own Research
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.
*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities.
As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.
These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.