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Arrow Electronic Has Returned 5.9% Since SmarTrend Recommendation (ARW)

By Shiri Gupta

SmarTrend identified an Uptrend for Arrow Electronic (NYSE:ARW) on April 28th, 2020 at $60.24. In approximately 2 weeks, Arrow Electronic has returned 5.87% as of today's recent price of $63.77.

Over the past year, Arrow Electronic has traded in a range of $39.25 to $85.80 and is now at $63.77, 62% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers. The Company offers a variety of products including computer systems, peripherals, software, and mass storage products to original equipment manufacturers and commercial customers worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Arrow Electronic shares.

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

Keywords: spotlights arrow electronic

Ticker(s): ARW