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Genie Energy-B Down 9.8% Since SmarTrend Downtrend Call (GNE)

By Shiri Gupta

SmarTrend identified a Downtrend for Genie Energy-B (NYSE:GNE) on August 5th, 2019 at $8.70. In approximately 7 months, Genie Energy-B has returned 9.77% as of today's recent price of $7.85.

In the past 52 weeks, Genie Energy-B share prices have been bracketed by a low of $6.54 and a high of $11.98 and are now at $8.03, 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Genie Energy Ltd. focuses on retail energy provider business and oil and gas exploration projects. The Company offers electricity and natural gas to residential customers in Eastern United States. exploration and production 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