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Bullish Moving Average Cross by Avnet (AVT)

By Amy Schwartz

Today, shares of Avnet (NYSE:AVT) have crossed bullishly above their 10-day moving average of $40.88 on a volume of 490K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Avnet share prices have been bracketed by a low of $36.42 and a high of $46.95 and are now at $42.53, 17% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.26% lower over the past week, respectively.

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

Keywords: moving crosses avnet

Ticker(s): AVT