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General Cable Crosses Above its 10-day MA (BGC)

By Amy Schwartz

Today, shares of General Cable (NYSE:BGC) have crossed bullishly above their 10-day moving average of $18.18 on a volume of 258K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

General Cable share prices have moved between a 52-week high of $21.31 and a 52-week low of $6.21 and are now trading 205% above that low price at $18.95 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 advanced 5.6%.

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