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After Yesterday's Rally of 1.74% Shares Could Potentially Pullback

By James Quinn

Genesco Inc (NYSE:GCO) traded in a range yesterday that spanned from a low of $50.74 to a high of $53.20. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $51.40 on volume of 194,000 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 Genesco Inc have traded between a low of $31.65 and a high of $53.20 and are now at $51.86, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

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

Keywords: rebounders genesco inc

Ticker(s): GCO