Breaking the 50 day: WABCO Holdings (NYSE:WBC)

by Josh WABCO Holdings ($WBC) is starting to come out of consolidation to the downside. WABCO is currently down -1.60% at $84.48 on volume of 444,802 shares. Shares are breaking down below the 50 day moving average today which is sitting at $85.51.

Shares are in an ascending wedge pattern which is classified as a bearish reversal patterns by technicians. Traders will look for a continued breakdown for confirmation of the pattern’s resolution.

52 Week Range $58.75-$89.19 Market Cap 5,251,138,594 Average Volume 414,425 Dividend Yield 0.00% Institutional Ownership 0.00% Insider Ownership: 0.60% Percentage of Float Short 0.40% Beta 2.01

WABCO Holdings Wabco Holdings Incorporated is a provider of electronic, mechanical and mechatronic products for the commercial truck, trailer, bus and passenger car manufacturers. It also provides advanced braking, stability, suspension and air compressing systems.

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