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Watch for Continued Gains in Shares of Genpact Ltd (G)

By Nick Russo

Genpact Ltd (NYSE:G) traded at a new 52-week high today of $37.89. This new high was reached on below average trading volume as 106,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Genpact Ltd (NYSE:G) defies analysts with a current price ($37.89) 10.0% above its average consensus price target of $34.10. The stock should discover initial support at its 50-day moving average (MA) of $36.23 and subsequent support at its 200-day MA of $31.75.

Genpact Ltd share prices have moved between a 52-week high of $37.89 and a 52-week low of $25.48 and are now trading 49% above that low price at $37.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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.

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 35.7%. 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