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Genpact Bearish Moving Average Crossover Alert (G)

By David Diaz

Genpact (NYSE:G) crossed under its 10-day moving average of $27.34 on a volume of 168K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Genpact share prices have moved between a 52-week high of $28.52 and a 52-week low of $20.95 and are now trading 30% above that low price at $27.15 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Genpact on May 5th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.12. Since that recommendation, shares of Genpact have risen 9.3%. We continue to monitor G for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses genpact

Ticker(s): G