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Arrow Electronic Falls 1.75% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Arrow Electronic (NYSE:ARW) traded in a range yesterday that spanned from a low of $67.48 to a high of $68.08. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $68.36 on volume of 388,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Arrow Electronic have traded between a low of $62.69 and a high of $86.62 and are now at $67.48, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.1%.

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

Keywords: rebounders arrow electronic

Ticker(s): ARW