• Return to Headlines

Genpact Ltd Falls 2.68% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Genpact Ltd (NYSE:G) traded in a range yesterday that spanned from a low of $39.29 to a high of $40.33. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $40.99 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Genpact Ltd on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.81. Since that recommendation, shares of Genpact Ltd have risen 47.5%. We continue to monitor G for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Genpact Ltd share prices have moved between a 52-week high of $42.33 and a 52-week low of $25.48 and are now trading 56% above that low price at $39.85 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Keywords: rebounders genpact ltd

Ticker(s): G