MYR Group/Delaware (NASDAQ:MYRG) is one of today's biggest movers, up 1.3% to $22.29. The Dow Jones Industrial Average is now trading 0.3% higher to 13,108 and the S&P is trading fractionally higher to 1,414.
Over the past year, MYR Group/Delaware has traded in a range of $13.94 to $26.54 and is now at $22.29, 60% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.
MYR Group Inc. is a specialty contractor serving the electrical infrastructure market in the United States. The Company serves the transmission and distribution sector of the United States electric utility industry. MYR Group also provides commercial and industrial electrical contracting services in the western United States.
There is potential upside of 20.1% for shares of MYR Group/Delaware based on a current price of $22.29 and an average consensus analyst price target of $26.78. The stock should find initial support at its 50-day moving average (MA) of $20.39 and further support at its 200-day MA of $18.39.