• Return to Headlines

Genworth Financi Set to Possibly Pullback After Yesterday's Rally of 5.77%

By Shiri Gupta

Genworth Financi (NYSE:GNW) traded in a range yesterday that spanned from a low of $3.86 to a high of $4.03. Yesterday, the shares gained 5.8%, which took the trading range above the 3-day high of $4.02 on volume of 6.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Genworth Financi share prices have moved between a 52-week high of $5.02 and a 52-week low of $2.66 and are now trading 52% above that low price at $4.03 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Genworth Financi on February 25th, 2019 by issuing a Downtrend alert when the shares were trading at $4.01. Since that call, shares of Genworth Financi have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders genworth financi

Ticker(s): GNW