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Stock Investors Bid Up Shares of Genesco, Up 1.7%

Published on Thu, 01/03/2013 - 14:14
By Robert Cotter

Genesco (NYSE:GCO) is a company whose shares are active, trading 1.7% higher to $57.00. The Dow Jones Industrial Average is now trading fractionally higher to 13,414 and the S&P is trading fractionally higher to 1,463.

Genesco has overhead space with shares priced $57.00, or 22.3% below the average consensus analyst price target of $73.38. The stock should hit resistance at its 200-day moving average (MA) of $64.66, as well as support at its 50-day MA of $56.00.

Genesco share prices have moved between a 52-week high of $78.97 and a 52-week low of $50.33 and are now trading 13% above that low price at $57.00 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.6%.

Genesco Inc. retails branded footwear, licensed and branded headwear, and wholesales branded footwear. The Company operates stores throughout the United States, Puerto Rico, and Canada.

By Robert Cotter
rcotter@fnno.com

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