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Zacks #1 Stocks on the Move 08/31/2015

Company Name Symbol %Change
Methode Electronics Bearish Moving Average Crossover Alert (MEI)

Print Share

Dec 11, 2014 (Moving average crossovers via COMTEX) -- Today, shares of Methode Electronics (NYSE:MEI) have fallen below their 10-day MA of $39.89 on a volume of 804K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.Methode Electronics has overhead space with shares priced $39.35, or 13.5% below the average consensus analyst price target of $45.50. Methode Electronics shares have support at the 50-day moving average (MA) of $38.12 and additional support at the 200-day MA of $34.24.

In the past 52 weeks, shares of Methode Electronics have traded between a low of $26.73 and a high of $43.00 and are now at $39.35, which is 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Methode Electronics, Inc. manufactures component devices worldwide. The Company's products are sold to original equipment manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles, and industrial equipment.


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