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Possible Bullish Inside Day Candle Pattern Detected for Genpact Ltd (NYSE:G)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Genpact Ltd (NYSE:G) based on the price action in the company's shares. Yesterday's price range of $37.57 and $37.83 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Genpact Ltd may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Genpact Limited designs and runs business operations to manage risk and compliance. The Company focuses on the areas of finance and procurement, financial services account servicing, claims management, regulatory affairs, and industrial asset optimization. Genpact operates worldwide.

In the past 52 weeks, Genpact Ltd share prices have been bracketed by a low of $25.48 and a high of $42.33 and closed yesterday at $37.62, 48% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.4% lower over the past week, respectively.

Genpact Ltd (NYSE:G) is currently priced 9.4% above its average consensus analyst price target of $34.10. Genpact Ltd shares should encounter resistance at the 50-day moving average (MA) of $39.71 and support at its 200-day MA of $35.76.

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

Keywords: bullish am inside day candle genpact ltd

Ticker(s): G