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LONDON, March 18, 2013 /PRNewswire/ --
Markets took a mild tumble on the last day of the previous week as consumer sentiments hit their lowest since 2011. However, Wall Street still maintains its bullish sentiments, in contrast to Main Street, and the markets are likely to make a comeback this week. The ongoing budget negotiations are also expected to have an impact on the future direction of the markets. Our research team took a look at the Industrial Goods sector, selecting the following major companies: Quanta Services Inc. (NYSE: PWR), Chicago Bridge & Iron Company (NYSE: CBI), Emcor Group Inc. (NYSE: EME) and Pike Electric Corporation (NYSE: PIKE) from the General Contractors industry.
StockCall reviewed the General Contractors industry and chose PWR, CBI, EME, and PIKE for its technical coverage. These free reports can be seen for free at
Quanta Services Inc. traded in the range of $29.22 and $29.73 during Friday's trading session. It opened at $29.62 and closed at $29.43, down 1.01 percent. The stock is currently in a bearish mode and has its first resistance level at $29.58. Upon breaching this level, Quanta Services may go as high as $29.91. It traded 2.00 million shares and is above its 20-day moving average price of $29.29. Its first support level is at $29.13. So far in the year, the stock is up 11.14 percent. The stock has average volatility as its beta is at 0.93. Download the free research on PWR by signing up now at
In contrast to the downward move shown by broad market indices, Chicago Bridge & Iron Company NV's stock finished 0.09 percent high at $57.87, with volume down from daily average of 2.05 million to 1.20 million. The company's stock is heading north up to now in 2013 with its year-to-date gain at 29.46 percent. It currently shows a bullish trend which is further confirmed by the stock's MACD chart. Chicago Bridge & Iron has its first support level at $57.29. In the coming trading sessions, it is likely to go as high as $58.70. Register for today's free analysis on CBI at
Shares of Emcor Group Inc. edged higher in the last trading day of the previous week, in contrast to trend in the broad market. The stock closed 2.19 percent higher at $41.09 on above average volume of 982,511. Emcor's shares have gained more than 20 percent this year, outperforming the broad market. It has support at $40.26. The stock is trading above its 20-day and 50-day moving average price of $38.83 and $37.20 respectively. The stock's MACD is also trading above the signal line and the zero-line. Both of these are bullish signals. A free report on EME can be accessed by registering at
Pike Electric Corp. is currently in a bullish mode despite the stock ending its previous trading session at $14.76, own 1.99 percent. The stock traded in the range of $14.76 and $15.10 during Friday's session. Its first support level is at $14.35 and upon breaching this level, the stock may go down to $13.23 level. On the upside, the company's stock may touch a $16.56 level. The stock has traded in the range of $6.93 and $15.21 in the past 52 weeks and it is up by 68.11 percent during the same time period. Register with StockCall and download the research on PIKE for free at
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