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Downtrend Call Working As Genesis Energy LP Stock Falls 35.9% (GEL)

Sep 16, 2020 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Genesis Energy LP (NYSE:GEL) on June 15th, 2020 at $7.92. In approximately 3 months, Genesis Energy LP has returned 35.86% as of today's recent price of $5.08.

In the past 52 weeks, shares of Genesis Energy LP have traded between a low of $2.80 and a high of $21.57 and are now at $5.08, which is 81% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 2%.

Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.

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

Log in and add Genesis Energy LP (GEL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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