Avnet Inc (AVT)

Avnet Inc is trading at $93.13, up 2.27% on the session. The 50 day average sits at $95.52 and the 200 day at $78.97, which puts the stock in a uptrend. RSI is at 37, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $86.71 with resistance near $92.70, so that band frames the current range. Average daily movement is roughly $3.89, or about 4.2% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 77, momentum of 29 and a risk score of 58.

Avnet, Inc., engages in the distribution of electronic component technology in the Americas, Europe, the Middle East, Africa, and Asia/Pacific. The company operates through two segments, Electronic Components and Farnell. It markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated and embedded components from electronic component manufacturers. The company also offers design support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions which provides support, warehousing, and logistics services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, it provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions, as well as embedded display solutions comprising touch and passive displays; and develops and produces standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. The company serves various markets, such as engineering, product prototyping, integration, and other value-added services in the medical, telecommunications, industrial, and digital editing. Further, it distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. The company was founded in 1921 and is headquartered in Phoenix, Arizona.