• Return to Headlines

Look for Shares of Gen Cable Corp to Potentially Pullback after Yesterday's 11.63% Rise

By Amy Schwartz

Gen Cable Corp (NYSE:BGC) traded in a range yesterday that spanned from a low of $17.40 to a high of $18.58. Yesterday, the shares gained 11.6%, which took the trading range above the 3-day high of $16.95 on volume of 1.8 million 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 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 58% above that low price at $18.38 per share. The 200-day and 50-day moving averages have moved 0.4% lower and 5.59% higher over the past week, respectively.

Keywords: rebounders gen cable corp

Ticker(s): BGC