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Genie Energy-B Down 12.3% Since SmarTrend Downtrend Call (GNE)

By David Diaz

SmarTrend identified a Downtrend for Genie Energy-B (NYSE:GNE) on August 5th, 2019 at $8.70. In approximately 2 months, Genie Energy-B has returned 12.33% as of today's recent price of $7.63.

In the past 52 weeks, shares of Genie Energy-B have traded between a low of $5.08 and a high of $11.98 and are now at $7.63, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 3.5%.

Genie Energy Ltd includes both a retail energy provider business and oil and gas exploration projects. The Retail energy business provides electricity and natural gas to residential customers in Eastern US. E&P development projects are located in Israel, Colorado, and Mongolia.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Genie Energy-B.

Log in and add Genie Energy-B (GNE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights genie energy-b

Ticker(s): GNE