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Genesis Energy Trading Lower Today on Above-Average Volume (GEL)

By James Quinn

Shares of Genesis Energy are trading today in above average volume, with the share price falling 5.4% to $37.75. Today's volume of 1.1 million shares tops the average 30-day volume of 549,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in Genesis Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Genesis Energy in search of a potential trend change.

Over the past year, Genesis Energy has traded in a range of $19.55 to $50.04 and is now at $37.75, 93% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 2.0%.

Keywords: unusual volume amex:gel genesis energy

Ticker(s): GEL