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Benchmark Electronics Bearish Moving Average Crossover Alert (BHE)

By James Quinn

Today, shares of Benchmark Electronics (NYSE:BHE) have crossed bearishly below their 10-day moving average of $24.13 on a volume of 119K 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, Benchmark Electronics share prices have been bracketed by a low of $18.36 and a high of $24.60 and are now at $23.92, 30% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Benchmark Electronics on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.61. Since that recommendation, shares of Benchmark Electronics have risen 13.8%. We continue to monitor BHE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses benchmark electronics

Ticker(s): BHE