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Genesco Inc Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Shares of Genesco Inc (NYSE:GCO) traded today at $33.70, breaking its 52-week low. So far today approximately 80,000 shares have been exchanged, as compared to an average 30-day volume of 267,000 shares.

Genesco, Inc. retails branded footwear, licensed and branded headwear, and wholesales branded footwear. The Company operates stores throughout the United States, Puerto Rico, and Canada.

In the past 52 weeks, shares of Genesco Inc have traded between the current low of $33.70 and a high of $51.85 and are now at $33.70. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.

Potential upside of 22.1% exists for Genesco Inc, based on a current level of $33.70 and analysts' average consensus price target of $41.14. The stock should run into initial resistance at its 50-day moving average (MA) of $41.47 and subsequent resistance at its 200-day MA of $43.79.

SmarTrend recommended that its subscribers protect gains by selling shares of Genesco Inc on June 27th, 2019 by issuing a Downtrend alert when the shares were trading at $42.52. Since that call, shares of Genesco Inc have fallen 16.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows genesco inc

Ticker(s): GCO