MYR Group Inc. (MYRG)

MYR Group Inc. is trading at $280.16, down 1.89% on the session. The 50 day average sits at $304.12 and the 200 day at $332.44, which puts the stock in a downtrend. RSI is at 54.3, which reads as neutral, and MACD is bullish crossover. Volume is average.

The nearest support is around $283.28 with resistance near $318.20, so that band frames the current range. Average daily movement is roughly $13.35, or about 4.8% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 0, momentum of 77 and a risk score of 59.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company operates through two segments: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice storm, or other related damages. This segment serves as prime contractor to customers, such as investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial segment provides a range of services, including design, installation, maintenance, and repair of commercial and industrial wiring; and installation of intelligent transportation systems, roadway lighting, and signalization for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, and electric vehicle charging infrastructure. This segment serves general contractors, commercial and industrial facility owners, governmental agencies, and developers. MYR Group Inc. was founded in 1891 and is headquartered in Thornton, Colorado.