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Franklin Elec Co Down 9.2% Since SmarTrend Downtrend Call (FELE)

By David Diaz

SmarTrend identified a Downtrend for Franklin Elec Co (NASDAQ:FELE) on March 14th, 2019 at $51.22. In approximately 2 months, Franklin Elec Co has returned 9.19% as of today's recent price of $46.51.

Over the past year, Franklin Elec Co has traded in a range of $38.87 to $55.59 and is now at $46.51, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

Franklin Electric Co., Inc. designs, manufactures, and distributes electric motors, electronic motor controls, and related equipment. The Company sells its products around the world primarily to original equipment manufacturers of pumps, petroleum equipment, compressors, fans, heating and air conditioning equipment, swimming pool equipment, medical furniture, and business machines.

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

Log in and add Franklin Elec Co (FELE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights franklin elec co

Ticker(s): FELE