Bearish Moving Average Cross by Hawaiian Electric Industries (HE)
Today, shares of Hawaiian Electric Industries (NYSE:HE) have fallen below their 10-day MA of $32.29 on a volume of 686K 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 $30.96, 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.
SmarTrend is tracking the current trend status for Hawaiian Electric Industries and will alert subscribers who have HE in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses hawaiian electric industries