Primoris Services Corp (PRIM)

Primoris Services Corp is trading at $66.94, down 7.89% on the session. The 50 day average sits at $77.32 and the 200 day at $116.64, which puts the stock in a downtrend. RSI is at 39.8, which reads as weak, and MACD is bearish crossover. Volume is volume spike.

The nearest support is around $71.41 with resistance near $77.26, so that band frames the current range. Average daily movement is roughly $4.13, or about 6.2% of the share price, which is what any stop placement has to allow for. The overall health score of 34 out of 100 combines a trend score of 19, momentum of 34 and a risk score of 58.

Primoris Services Corporation provides infrastructure services primarily in the United States and Canada. The company operates in two segments: Utilities and Energy. The Utilities segment offers installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment provides engineering, procurement, construction, and maintenance services for entities in the energy, renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries, as well as state departments of transportation. The company also provides replacement services. Primoris Services Corporation was founded in 1960 and is headquartered in Dallas, Texas.