Westinghouse Air Brake Technologies Corp

WAB is in Stage 3 distribution, characterized by a series of lower highs into its flattened 9/21 EMA zone and increasing supply signals. Medium-term bias is bearish, with tradable side only on rallies into the EMAs. Short-term price remains in an overlap with no decisive rejection or exhaustion, so execution is deferred. A rejection at the 9/21 EMA region would present an optimal trim opportunity. The long-term uptrend remains intact above the 200 DMA, limiting structural risk.

• ↑Q1 revenue $3B (+13% YoY); adj. EPS $2.71 (+19% YoY)
• ↑Multi-year backlog >$30B supports years of revenue growth
• ↓Tariff headwinds to pressure margins in early 2026