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After Yesterday's Rally of 2.56% Shares Could Potentially Pullback

By David Diaz

Gentex Corp (NASDAQ:GNTX) traded in a range yesterday that spanned from a low of $16.95 to a high of $17.62. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $17.37 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Gentex Corp share prices have moved between a 52-week high of $22.12 and a 52-week low of $14.66 and are now trading 19% above that low price at $17.43 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Gentex Corp on May 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $19.85. Since that call, shares of Gentex Corp have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders gentex corp

Ticker(s): GNTX