GenCorp: The Trend Continues Lower (GY)
SmarTrend identified a Downtrend for GenCorp (NYSE: GY) on December 15, 2009 at $7.42. In approximately 3 months, GenCorp has returned 37.3% as of today's recent price of $4.65.
GenCorp is currently below its 50-day moving average of $5.57 and below its 200-day moving average of $5.02. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of GenCorp.
Write to Chip Brian at cbrian@tradethetrend.com
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