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Genpact Ltd: The Losing Streak Continues (G)

By David Diaz

Shares of Genpact Ltd (NYSE:G) traded today at $28.21, breaking its 52-week low. This new low was reached on below average trading volume as 86,000 shares traded hands, while the average 30-day volume is approximately 627,000 shares.

Genpact Limited designs and runs business operations to manage risk and compliance. The Company focuses on the areas of finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Genpact operates worldwide.

Potential upside of 20.5% exists for Genpact Ltd, based on a current level of $28.30 and analysts' average consensus price target of $34.10. The stock should run into initial resistance at its 50-day moving average (MA) of $30.40 and subsequent resistance at its 200-day MA of $31.20.

In the past 52 weeks, shares of Genpact Ltd have traded between the current low of $28.21 and a high of $34.79 and are now at $28.30. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Genpact Ltd and will alert subscribers who have G in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows genpact ltd

Ticker(s): G