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Genuine Parts Bearish Moving Average Crossover Alert (GPC)

By Amy Schwartz

Today, shares of Genuine Parts (NYSE:GPC) have crossed bearishly below their 10-day moving average of $93.12 on a volume of 112K 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.

Over the past year, Genuine Parts has traded in a range of $76.50 to $105.97 and is now at $91.82, 20% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.37% higher over the past week, respectively.

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

Keywords: moving crosses Genuine Parts

Ticker(s): GPC