Generac (GNRC) Downtrend Break and Base
Generac (GNRC) shares consolidating in a multi-month base under $330 and positioned well here for a breakout move that can spark a run back to the 200-MA at $385. Shares had a massive run after the pandemic and pulled back to the 50% retracement over the last four months where it has found some stability. Momentum is starting to inflect also on the weekly with MACD nearing a bull cross and RSI just below 50.