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Bearish Moving Average Cross by Avnet Inc (AVT)

By Nick Russo

Today, shares of Avnet Inc (NYSE:AVT) have fallen below their 10-day MA of $39.87 on a volume of 429K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Avnet Inc share prices have moved between a 52-week high of $51.50 and a 52-week low of $35.67 and are now trading 9% above that low price at $38.90 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses avnet inc

Ticker(s): AVT