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Bearish Moving Average Cross by Hawaiian Electric Industries (HE)

By Amy Schwartz

Today, shares of Hawaiian Electric Industries (NYSE:HE) have fallen below their 10-day MA of $33.98 on a volume of 530K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Hawaiian Electric Industries share prices have been bracketed by a low of $27.02 and a high of $34.98 and are now at $33.15, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

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

Keywords: moving crosses hawaiian electric industries

Ticker(s): HE