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Benchmark Electr Crosses Below its 10-day MA (BHE)

By James Quinn

Today, shares of Benchmark Electr (NYSE:BHE) have crossed bearishly below their 10-day moving average of $30.44 on a volume of 171K 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.

Over the past year, Benchmark Electr has traded in a range of $20.09 to $35.80 and is now at $27.60, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend is tracking the current trend status for Benchmark Electr and will alert subscribers who have BHE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses benchmark electr

Ticker(s): BHE