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MEI Crosses Above Key Moving Average Level

By Market News Video Staff, Thursday, June 30, 11:26 AM ET
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In trading on Thursday, shares of Methode Electronics, Inc. (NYSE:MEI) crossed above their 200 day moving average of $11.24, changing hands as high as $11.46 per share. Methode Electronics, Inc. shares are currently trading up about 6.7% 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 $11.31.

MEI operates in the Electronic Equipment & Products sector, among companies like LG Display Co Ltd (NYSE:LPL) which is up about 0.4% today, and Trimble Navigation Ltd. (NASDAQ:TRMB) trading higher by about 2.2%. Below is a three month price history chart comparing the stock performance of MEI, versus LPL and TRMB.

MEI,LPL,TRMB Relative Performance Chart


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