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Bearish Moving Average Cross by Generac Holdings (GNRC)

By Shiri Gupta

Today, shares of Generac Holdings (NYSE:GNRC) have crossed bearishly below their 10-day moving average of $70.58 on a volume of 121K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Generac Holdings share prices have moved between a 52-week high of $72.02 and a 52-week low of $45.43 and are now trading 54% above that low price at $69.96 per share. The 200-day and 50-day moving averages have moved 0.36% higher and 1.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Generac Holdings on April 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.01. Since that recommendation, shares of Generac Holdings have risen 32.5%. We continue to monitor GNRC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses generac holdings

Ticker(s): GNRC