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

By Shiri Gupta

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.

In the past 52 weeks, shares of Gen Cable Corp have traded between a low of $11.65 and a high of $20.80 and are now at $18.38, which is 58% above that low price. The 200-day and 50-day moving averages have moved 0.4% lower and 5.59% higher over the past week, respectively.

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.

Keywords: rebounders gen cable corp

Ticker(s): BGC