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General Cable Bullish Moving Average Crossover Alert (BGC)

By Amy Schwartz

Today, shares of General Cable (NYSE:BGC) have crossed bullishly above their 10-day moving average of $14.52 on a volume of 221K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of General Cable have traded between a low of $6.21 and a high of $21.31 and are now at $14.81, which is 138% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.6% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for General Cable and will alert subscribers who have BGC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses general cable

Ticker(s): BGC