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Genesco Inc Rises 4.58% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Genesco Inc (NYSE:GCO) traded in a range yesterday that spanned from a low of $44.11 to a high of $46.49. Yesterday, the shares gained 4.6%, which took the trading range above the 3-day high of $44.08 on volume of 96,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Genesco Inc has traded in a range of $25.45 to $51.85 and is now at $45.94, 81% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.2%.

Keywords: rebounders genesco inc

Ticker(s): GCO