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Genworth Financial (GNW) Crosses Pivot Point Support at $8.01

Published on Mon, 01/14/2013 - 13:37
By Peter Chu

Genworth Financial (NYSE:GNW) has opened bearishly below the pivot of $8.15 today and has reached the first level of support at $8.01. Analysts will be watching for a cross of the next downside pivot targets of $7.92 and $7.69.

There is potential upside of 7.2% for shares of Genworth Financial based on a current price of $7.88 and an average consensus analyst price target of $8.44. Genworth Financial shares have support at the 50-day moving average (MA) of $6.57 and additional support at the 200-day MA of $5.86.

Genworth Financial Inc. offers insurance, wealth management, investment and financial solutions The Company offers products that include life insurance products, long-term care insurance, and mortgage guarantee insurance coverage on residential mortgage loans. Genworth is active in the United States, Canada, Australia, New Zealand, Mexico and multiple European countries.

In the past 52 weeks, shares of Genworth Financial have traded between a low of $4.06 and a high of $9.68 and are now at $7.88, which is 94% above that low price. The 200-day and 50-day moving averages have moved 0.29% lower and 4.16% higher over the past week, respectively.

By Peter Chu
pchu@fnno.com