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Genesco Inc Crosses Above its 10-day MA (GCO)

By Amy Schwartz

Genesco Inc (NYSE:GCO) crossed over its 10-day moving average of $42.77 on a volume of 131K 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.

Genesco Inc share prices have moved between a 52-week high of $51.85 and a 52-week low of $37.00 and are now trading 18% above that low price at $43.84 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Genesco Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Genesco Inc in search of a potential trend change.

Keywords: moving crosses genesco inc

Ticker(s): GCO