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SmarTrend Watching for Potential Pullback in Shares of Genuine Parts Co After 1.44% Gain

By Amy Schwartz

Genuine Parts Co (NYSE:GPC) traded in a range yesterday that spanned from a low of $99.55 to a high of $100.89. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $100.43 on volume of 119,000 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 Genuine Parts Co have traded between a low of $87.26 and a high of $115.20 and are now at $100.74, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.23% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Genuine Parts Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Genuine Parts Co in search of a potential trend change.

Keywords: rebounders genuine parts co

Ticker(s): GPC