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GENC Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Thursday, July 7, 1:33 PM ET
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In trading on Thursday, shares of Gencor Industries, Inc. (NASDAQ:GENC) crossed below their 200 day moving average of $7.54, changing hands as low as $7.53 per share. Gencor Industries, Inc. shares are currently trading off about 1.4% on the day. The chart below shows the one year performance of GENC shares, versus its 200 day moving average:

Gencor Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, GENC's low point in its 52 week range is $6.75 per share, with $8.10 as the 52 week high point that compares with a last trade of $7.61.

GENC operates in the Industrial Machinery & Equipment sector, among companies like Valmont Industries, Inc. (NYSE:VMI) which is up about 2.9% today, and Harsco Corp. (NYSE:HSC) trading higher by about 1.1%. Below is a three month price history chart comparing the stock performance of GENC, versus VMI and HSC.

GENC,VMI,HSC Relative Performance Chart


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