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After Yesterday's Rally of 1.74% Shares Could Potentially Pullback

By David Diaz

Gentex Corp (NASDAQ:GNTX) traded in a range yesterday that spanned from a low of $22.78 to a high of $23.32. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $23.20 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Gentex Corp have traded between a low of $14.66 and a high of $24.07 and are now at $23.14, which is 58% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

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

Keywords: rebounders gentex corp

Ticker(s): GNTX