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Genesco: New 52-Week Low Set Today (GCO)

By Nick Russo

Shares of Genesco (NYSE:GCO) traded today at $46.30, breaking its 52-week low. Approximately 137,000 shares have changed hands today, as compared to an average 30-day volume of 187,000 shares.

Genesco (NYSE:GCO) has potential upside of 37.8% based on a current price of $46.30 and analysts' consensus price target of $63.80. The stock should run into initial resistance at its 200-day moving average (MA) of $62.12 and subsequent resistance at its 50-day MA of $68.74.

Over the past year, Genescohas traded in a range of $46.30 to $74.21 and are now at $46.30. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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.

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 23.4%. 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

Ticker(s): GCO