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Bullish Moving Average Cross by General Motors C (GM)

By David Diaz

General Motors C (NYSE:GM) crossed over its 10-day moving average of $37.98 on a volume of 3.6 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, General Motors C share prices have been bracketed by a low of $27.34 and a high of $46.76 and are now at $38.34, 40% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of General Motors C on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $41.56. Since that call, shares of General Motors C have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses general motors c

Ticker(s): GM