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SRI Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Wednesday, June 8, 4:30 PM ET
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In trading on Wednesday, shares of Stoneridge Inc. (SRI) crossed below their 200 day moving average of $13.64, changing hands as low as $13.56 per share. Stoneridge Inc. shares are currently trading down about 2.3% on the day. The chart below shows the one year performance of SRI shares, versus its 200 day moving average:

Stoneridge Inc. 200 Day Moving Average Chart

Looking at the chart above, SRI's low point in its 52 week range is $7.02 per share, with $17.22 as the 52 week high point that compares with a last trade of $13.65.

SRI operates in the Auto Parts sector, among companies like Dana Holding Corp (DAN) which is down about 1% today, and Visteon Corp. (VC) trading lower by about 0.8%. Below is a three month price history chart comparing the stock performance of SRI, versus DAN and VC.

SRI,DAN,VC Relative Performance Chart


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