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Arrow Electronic Bullish Moving Average Crossover Alert (ARW)

By James Quinn

Today, shares of Arrow Electronic (NYSE:ARW) have crossed bullishly above their 10-day moving average of $78.23 on a volume of 299K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Arrow Electronic share prices have moved between a 52-week high of $83.03 and a 52-week low of $62.69 and are now trading 25% above that low price at $78.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Arrow Electronic. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Arrow Electronic in search of a potential trend change.

Keywords: moving crosses arrow electronic

Ticker(s): ARW