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Genesco Crosses Above its 10-day MA (GCO)

By Amy Schwartz

Genesco (NYSE:GCO) shares have crossed bullishly above their 10-day moving average of $51.75 on a volume of 183K 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.

In the past 52 weeks, shares of Genesco have traded between a low of $47.66 and a high of $74.21 and are now at $53.90, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Genesco on December 23rd, 2016 by issuing a Downtrend alert when the shares were trading at $62.70. Since that call, shares of Genesco 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 genesco

Ticker(s): GCO