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Downtrend Call Working As Sun Hydraulics Stock Falls 1.8% (SNHY)

By Amy Schwartz

SmarTrend identified a Downtrend for Sun Hydraulics (NASDAQ:SNHY) on May 7th, 2019 at $46.50. In approximately 6 months, Sun Hydraulics has returned 1.81% as of today's recent price of $45.66.

Over the past year, Sun Hydraulics has traded in a range of $30.79 to $53.59 and is now at $45.66, 48% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sun Hydraulics.

Log in and add Sun Hydraulics (SNHY) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights sun hydraulics

Ticker(s): SNHY