Gentex Corp. (GNTX) may continue its upward journey
Symbols: GNTX
Shares of Gentex Corp. (NASDAQ: GNTX) are likely to continue its uptrend on Thursday.
The Gentex Corp. (GNTX) breached a new year high on Wednesday after the maker of rearview mirrors and fire protection products said its third-quarter profit jumped 58 percent on higher sales of its headlight and camera systems.
At $17.18, Gentex Corp. (GNTX) is trending nicely along its 20 days and 50 days moving average and is well above the deicisive 200 days moving average.
Given that the GNTX stock moved up with volumes on a gap-up opening, there are are chances that that the stock may remain bullish till its next reistance of $20.
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