Trade Call on Quanta Services (PWR) Based on Base Formation
+9.46%current return
"Weve been talking about this heavy construction group ... providing construction, specialty contracting services, quanta services, right in the middle of this AI data center expansion. ... There is a flat base here. So the top of the base is obviously the official buy point. This was an early entry. This was our stock of the day."
— Ed Carson
Quanta Services (assumed ticker PWR) is highlighted as having a well-formed flat base and a buy point at the top of that base. The commentary suggests that this setup, in the context of AI-driven data center expansion, presents an actionable opportunity for entry, making it a notable trade call.
High ConvictionScore: 7.8
Stock Idea •Stock Market Today With IBD • about 1 month ago