Lots of charts are taking on the same troubled look. MTZ is Mastec that is in the residential and commercial building industry another infrastructure, utility and data center stock. Price makes a nigher high but the chart indicators are all negatively diverged (red lines) so it is time for a multi-week spankdown.
MTZ is overbot agreeable to a pullback and the red rising wedge is another negative. The upper band is violated so a trip back to the middle band at 205 and rising is on the table as well as the lower band at 178 and rising.
Keystone traded MTZ long several years ago but has not played it long or short in recent years. It is an ugly stock so likely best to take the money and head on down the road to different opportunities. Jesse Welles is a hell of a young talent. He adds his two-cents to the ICE shooting drama. Good vs Ice. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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