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Shares of Genpact Ltd Rise to a New 52-Week High

By Amy Schwartz

Genpact Ltd (NYSE:G) traded at a new 52-week high today of $36.66. So far today approximately 251,000 shares have been exchanged, as compared to an average 30-day volume of 787,000 shares.

Over the past year, Genpact Ltd has traded in a range of $25.48 to $36.66 and is now at $36.66, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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.

Genpact Ltd (NYSE:G) is currently priced 7.0% above its average consensus analyst price target of $34.10. The stock should discover initial support at its 50-day moving average (MA) of $34.79 and subsequent support at its 200-day MA of $30.81.

SmarTrend recommended that subscribers consider buying shares of Genpact Ltd on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.81. Since that recommendation, shares of Genpact Ltd have risen 29.3%. We continue to monitor G for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows genpact ltd

Ticker(s): G