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General Motors Bearish Moving Average Crossover Alert (GM)

By David Diaz

General Motors (NYSE:GM) crossed under its 10-day moving average of $33.81 on a volume of 2.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, General Motors share prices have been bracketed by a low of $24.62 and a high of $38.55 and are now at $33.68, 37% 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 on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $35.22. Since that call, shares of General Motors have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses General Motors

Ticker(s): GM