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Relatively High Beta Detected in Shares of Arrow Electronics in the Technology Distributors Industry (ARW, AXE, NSIT, AVT, ELRC)
Dec 28, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Technology Distributors industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Arrow Electronics ranks highest with a a beta of 1.5. Anixter International is next with a a beta of 1.4. Insight Enterprises ranks third highest with a a beta of 1.4.
Avnet follows with a a beta of 1.3, and Electro Rent rounds out the top five with a a beta of 1.2.
SmarTrend recommended that its subscribers protect gains by selling shares of Electro Rent on October 22nd, 2012 by issuing a Downtrend alert when the shares were trading at $16.01. Since that call, shares of Electro Rent have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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