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Bearish Moving Average Cross by General Motors C (GM)

By Shiri Gupta

General Motors C (NYSE:GM) shares have crossed bearishly below their 10-day moving average of $38.71 on a volume of 3.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

General Motors C share prices have moved between a 52-week high of $41.90 and a 52-week low of $30.56 and are now trading 24% above that low price at $37.88 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in General Motors C. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of General Motors C in search of a potential trend change.

Keywords: moving crosses general motors c

Ticker(s): GM