Bullish Moving Average Cross by Arrow Electronics (ARW)
Today, shares of Arrow Electronics (NYSE:ARW) have advanced above their 10-day MA of $63.06 on a volume of 278K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Arrow Electronics have traded between a low of $45.23 and a high of $68.07 and are now at $63.70, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.16% higher and 0.31% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Arrow Electronics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Arrow Electronics in search of a potential trend change.
Keywords: moving crosses arrow electronics