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Look for Shares of Gentex Corp to Potentially Rebound after Yesterday's 2.54% Sell Off

By Shiri Gupta

Gentex Corp (NASDAQ:GNTX) traded in a range yesterday that spanned from a low of $18.75 to a high of $19.61. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $19.28 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Gentex Corp have traded between a low of $14.66 and a high of $25.41 and are now at $18.83, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend is tracking the current trend status for Gentex Corp and will alert subscribers who have GNTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders gentex corp

Ticker(s): GNTX