Daily Stock Setups

SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Genesis Lease (GLS)

Posted on: Tue, 09 Feb 2010 13:42:05 EST

Symbols: GLS

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Feb 09, 2010 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Genesis Lease (NYSE: GLS | Quote | Chart | News | PowerRating) on January 27, 2010 at $9.03. In approximately 2 weeks, Genesis Lease has returned 15.4% as of today's recent price of $7.64.

Genesis Lease is currently below its 50-day moving average of $9.10 and should find support at its 200-day moving average of $6.94. Look for these moving averages to decline to confirm the company's downward momentum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Genesis Lease.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Genesis Lease Limited (GLS) GLS. Genesis Lease Limited (GLS) has Short Term PowerRatings at TradingMarkets. Details on Genesis Lease Limited (GLS) Short Term PowerRatings is available at This Link.

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