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Uptrend Call Working As Genie Energy-B Stock Rises 26.2% (GNE)

By Shiri Gupta

SmarTrend identified an Uptrend for Genie Energy-B (NYSE:GNE) on May 3rd, 2018 at $4.88. In approximately 2 months, Genie Energy-B has returned 26.15% as of today's recent price of $6.15.

Genie Energy-B share prices have moved between a 52-week high of $7.17 and a 52-week low of $3.82 and are now trading 61% above that low price at $6.15 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 2.9%.

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 shifts in the trajectory of Genie Energy-B shares.

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