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Bearish Two Hundred Day Moving Average Cross - MEI

By Market News Video Staff, Friday, June 3, 11:31 AM ET
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In trading on Friday, shares of Methode Electronics, Inc. (NYSE:MEI) crossed below their 200 day moving average of $11.11, changing hands as low as $11.03 per share. Methode Electronics, Inc. shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of MEI shares, versus its 200 day moving average:

Methode Electronics, Inc. 200 Day Moving Average Chart

Looking at the chart above, MEI's low point in its 52 week range is $7.85 per share, with $13.73 as the 52 week high point that compares with a last trade of $11.13.

MEI operates in the Electronic Equipment & Products sector, among companies like Belden Inc (NYSE:BDC) which is down about 1.2% today, and Brady Corp. (NYSE:BRC) trading up by about 0.1%. Below is a three month price history chart comparing the stock performance of MEI, versus BDC and BRC.

MEI,BDC,BRC Relative Performance Chart


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