Genesco (GCO) Upgrade Alert, Watch for 21.9% Technical Uptrend Continuation

Genesco (NYSE:GCO) upgraded to Outperform from Neutral, $34 target, at RW Baird. The stock closed yesterday at $26.38 on volume of 173,100 shares, below average daily volume of 289,766.

Genesco is currently above its 50-day moving average of $24.28 and above its 200-day moving average of $20.70.

SmarTrend is bullish on shares of GCO and our subscribers received an Uptrend alert on July 31, 2009 at $21.64, which has returned 21.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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