Gentex Shares Climbing Higher, Up 1.6%

Published on Mon, 08/17/2015 - 13:41
By Robert Cotter in Market movers, GNTX, gentex, market movers, nasdaq:gntx

Gentex (NASDAQ:GNTX) is one of today's notable stocks on the rise, up 1.6% to $15.93. The Dow Jones Industrial Average is now trading 0.3% higher to 17,539 and the S&P is trading 0.4% higher to 2,099.

Gentex Corporation designs, manufactures, and markets products that use electro-optic technology. The Company's product lines include automatic-dimming rearview mirrors and fire protection products. Gentex's Night Vision Safety Mirror automatically darkens to the degree required to eliminate rearview headlight glare. The Company sells its products around the world.

There is potential upside of 20.2% for shares of Gentex based on a current price of $15.93 and an average consensus analyst price target of $19.14. The stock should find initial resistance at its 50-day moving average (MA) of $16.50 and further resistance at its 200-day MA of $17.37.

In the past 52 weeks, shares of Gentex have traded between a low of $13.17 and a high of $19.06 and are now at $15.93, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

By Robert Cotter
rcotter@fnno.com

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