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Group 1 Automoti Bullish Moving Average Crossover Alert (GPI)

By James Quinn

Today, shares of Group 1 Automoti (NYSE:GPI) have advanced above their 10-day MA of $73.53 on a volume of 153K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Group 1 Automoti has traded in a range of $59.72 to $84.47 and is now at $73.78, 24% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 0.23% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Group 1 Automoti. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Group 1 Automoti in search of a potential trend change.

Keywords: moving crosses group 1 automoti

Ticker(s): GPI