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SmarTrend Watching for Potential Pullback in Shares of Heico Corp After 2.59% Gain

Comtex SmarTrend(R) - Wed Nov 13, 11:25AM CST

Heico Corp (NYSE:HEI) traded in a range yesterday that spanned from a low of $123.81 to a high of $127.49. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $124.20 on volume of 105,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Heico Corp and will alert subscribers who have HEI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Heico Corp share prices have been bracketed by a low of $71.47 and a high of $147.93 and are now at $127.26, 78% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 1% lower over the past week, respectively.

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