MasTec Recaptures $385 50-Day Average, Triggers Buy Signal in AI Infrastructure Trade
Updated
Updated · CNBC · Jun 25
MasTec Recaptures $385 50-Day Average, Triggers Buy Signal in AI Infrastructure Trade
3 articles · Updated · CNBC · Jun 25
Summary
MasTec shares reclaimed their 50-day moving average at $385 and 20-day at $372, a technical recovery that the report says has triggered a fresh buy signal.
MACD has turned bullish again after a recent pullback from a strong uptrend, with those recaptured averages now serving as near-term support if the setup holds.
The report targets a move back toward prior highs near $440, while a failure to hold the moving averages would invalidate the short-term trade.
On a longer view, MasTec is still up about 133% over 52 weeks, with the weekly chart pointing to deeper support around $340 if the current flag pattern extends.
The bullish case is tied to AI-driven buildout demand, with MasTec positioned as a contractor for transmission lines, grids, fiber networks and other power infrastructure.