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Generac Holdings Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Generac Holdings (NYSE:GNRC) traded today at a new 52-week high of $81.20. This new high was reached on below average trading volume as 244,000 shares traded hands, while the average 30-day volume is approximately 619,000 shares.

Generac Holdings, Inc. manufactures automatic, stationary standby, and portable generators. The Company's generators serve the residential, commercial, industrial, and telecommunications markets.

Generac Holdings (NYSE:GNRC) is currently priced 35.6% above its average consensus analyst price target of $52.33. The stock should discover initial support at its 50-day moving average (MA) of $72.81 and subsequent support at its 200-day MA of $59.20.

In the past 52 weeks, Generac Holdings share prices have been bracketed by a low of $45.43 and a high of $81.20 and are now at $81.20, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Generac Holdings on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $74.73. Since that recommendation, shares of Generac Holdings have risen 8.0%. We continue to monitor GNRC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows generac holdings

Ticker(s): GNRC