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Gentex Bearish Moving Average Crossover Alert (GNTX)

By Amy Schwartz

Gentex (NASDAQ:GNTX) crossed under its 10-day moving average of $18.95 on a volume of 715K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Gentex share prices have been bracketed by a low of $12.93 and a high of $22.12 and are now at $18.65, 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gentex on May 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $19.85. Since that call, shares of Gentex have fallen 4.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses gentex

Ticker(s): GNTX