Rexel (OTCMKTS:RXEEY) Shares Pass Below 50-Day Moving Average – Time to Sell?

Rexel S.A. (OTCMKTS:RXEEYGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.46 and traded as low as $26.68. Rexel shares last traded at $27.25, with a volume of 9,210 shares trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein raised Rexel from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th.

Read Our Latest Analysis on RXEEY

Rexel Stock Performance

The stock’s 50 day moving average is $27.46 and its two-hundred day moving average is $27.30.

Rexel Company Profile

(Get Free Report)

Rexel SA, together with its subsidiaries, engages in distribution of low and ultra-low voltage electrical products and services for the residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific. The company offers smart cameras, sensors, controllers, and monitoring software; light sources, lights, and control switches; climate control products, including heat pumps, air conditioning, and water heaters; fire alarms, surveillance equipment, access controls devices, and emergency lightings; and connection cables, and switches and routers, as well as enclosures, mounts, and racks.

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