Genpact Limited ( $G ) stock is trading under 50 dollars as of July 17th , 2019 and offering a possible buying price between $38.88 – $40.82. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had a rock solid breakout in monster volume back in early February.
3. Then stock had slow, but steady run.
4. Then the stock tried to breakout, again, but went into a consolidation mode.
5. The stock found support at the 50 day moving average during the consolidation.
6. Then the stock broke out and made a quick run.
7. The accumulation volume is rock solid since February.
8. The stock is offering possible buying price between $38.88 – $40.82, with a stop loss at $35.77.
