Use advanced tools to confirm the Rectangle on WAB before you trade.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Market participants tracking Wabtec should note the latest formation. Currently at $255.77, the asset is showing downward momentum (-1.29%). The primary technical feature is a Bearish Flag formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $253.01, targeting $209.97 with support near $271.36 (R:R 2.35).
What is your outlook on WAB?