$GCI broke out of its two weeks consolidation, posting a gain of +9.76% at the closing session. The range of its intraday price action also witnessed $GCI resisted within a congested Uptrend Channel since 23rd December 2020.
With $GCI currently trading ($4.61) 45% away from its 52 weeks high of $6.74, the existing emergence of increasing volatility along with...
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Due to the 50 SMA crossing over the 100 SMA, the RSI moving upwards, and an optimistic MACD, we can expect the price of GCI to spike again in August. Right after the confirmed spike will be the perfect time to go short for a medium to long term, as the price is on a long-term downtrend.
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Gannett, Tribune Publishing Shares Make Parabolic Moves as Traders Quickly Brush Off Report of Potential Interest in Gannett by Tribune Head; Unclear If Rumor Was Related to Tribune Media
