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Heico Corp Bearish Moving Average Crossover Alert (HEI)

By Nick Russo

Today, shares of Heico Corp (NYSE:HEI) have crossed bearishly below their 10-day moving average of $134.97 on a volume of 203K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Heico Corp share prices have moved between a 52-week high of $138.79 and a 52-week low of $71.47 and are now trading 88% above that low price at $134.54 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Heico Corp on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.21. Since that recommendation, shares of Heico Corp have risen 70.0%. We continue to monitor HEI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses heico corp

Ticker(s): HEI