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Genuine Parts Bearish Moving Average Crossover Alert (GPC)

By Shiri Gupta

Today, shares of Genuine Parts (NYSE:GPC) have crossed bearishly below their 10-day moving average of $89.90 on a volume of 159K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Genuine Parts share prices have been bracketed by a low of $76.50 and a high of $105.97 and are now at $89.75, 17% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.37% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Genuine Parts on March 6th, 2017 by issuing a Downtrend alert when the shares were trading at $94.35. Since that call, shares of Genuine Parts have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Genuine Parts

Ticker(s): GPC