• Return to Headlines

Arrow Electronic: New 52-Week Low Set Today (ARW)

By Nick Russo

Arrow Electronic (NYSE:ARW) traded at a new 52-week low today of $68.09. This new low was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 421,000 shares.

Arrow Electronic has overhead space with shares priced $68.09, or 23.8% below the average consensus analyst price target of $89.33. The stock should run into initial resistance at its 50-day moving average (MA) of $76.13 and subsequent resistance at its 200-day MA of $77.78.

Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers. The Company offers a variety of products including computer systems, peripherals, software, and mass storage products to original equipment manufacturers and commercial customers worldwide.

Over the past year, Arrow Electronichas traded in a range of $68.09 to $87.26 and are now at $68.09. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Arrow Electronic on September 25th, 2018 by issuing a Downtrend alert when the shares were trading at $75.37. Since that call, shares of Arrow Electronic have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows arrow electronic

Ticker(s): ARW