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Gen Cable Corp Up on Heavy Volume in Possible Trend Reversal (BGC)

By Amy Schwartz

Gen Cable Corp's stock is up 9.1% to $18.05 on heavy trading volume. Today's volume of 1.2 million shares tops the average 30-day volume of 738,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

Gen Cable Corp share prices have moved between a 52-week high of $20.80 and a 52-week low of $11.65 and are now trading 56% above that low price at $18.15 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.6% while the 200-day MA has slid 0.4%.

Keywords: unusual volume gen cable corp

Ticker(s): BGC