Richardson Electronics Has Returned 27.1% Since SmarTrend Recommendation (RELL)
SmarTrend identified an Uptrend for Richardson Electronics (NASDAQ:RELL) on July 19th, 2016 at $5.55. In approximately 1 month, Richardson Electronics has returned 27.14% as of today's recent price of $7.05.
Over the past year, Richardson Electronics has traded in a range of $4.71 to $15.40 and is now at $7.05, 50% above that low. The 200-day and 50-day moving averages have moved 0.93% lower and 0.28% higher over the past week, respectively.
Richardson Electronics, Ltd. distributes electronic components, equipment, and assemblies for industrial, communications, medical, and scientific applications. The Company's products include electron tubes, microwave generators, radio frequency and microwave components, power semiconductors, data display monitors, and electronic security products and systems.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Richardson Electronics shares.
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