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Gannett Co Inc Crosses Above its 10-day MA (GCI)

By David Diaz

Today, shares of Gannett Co Inc (NYSE:GCI) have advanced above their 10-day MA of $8.33 on a volume of 1.8 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Gannett Co Inc share prices have moved between a 52-week high of $11.99 and a 52-week low of $7.41 and are now trading 34% above that low price at $9.94 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gannett Co Inc on April 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $9.67. Since that call, shares of Gannett Co Inc have fallen 18.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses gannett co inc

Ticker(s): GCI