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Watch for Shares of Genworth Financi (GNW) to Approach Support at $4.27

By Amy Schwartz

Genworth Financi (NYSE:GNW) has opened bearishly below the pivot of $4.37 today and has reached the first level of support at $4.33. Should the shares continue to fall, the support pivots of $4.27 and $4.17 will be of interest.

Genworth Financi share prices have moved between a 52-week high of $5.02 and a 52-week low of $2.89 and are now trading 48% above that low price at $4.28 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.2%.

Genworth Financi (NYSE:GNW) is currently priced 11.0% above its average consensus analyst price target of $3.81. The stock should discover initial support at its 200-day moving average (MA) of $4.06 and subsequent support at its 50-day MA of $3.70.

SmarTrend recommended that subscribers consider buying shares of Genworth Financi on June 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.50. Since that recommendation, shares of Genworth Financi have risen 25.3%. We continue to monitor GNW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts genworth financi

Ticker(s): GNW