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SmarTrend Watching for Potential Pullback in Shares of Heico Corp After 1.49% Gain

By Amy Schwartz

Heico Corp (NYSE:HEI) traded in a range yesterday that spanned from a low of $86.54 to a high of $88.14. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $88.09 on volume of 123,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Heico Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Heico Corp in search of a potential trend change.

Over the past year, Heico Corp has traded in a range of $50.43 to $101.40 and is now at $87.50, 74% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Keywords: rebounders heico corp

Ticker(s): HEI