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General Motors C Bearish Moving Average Crossover Alert (GM)

By David Diaz

General Motors C (NYSE:GM) shares have crossed bearishly below their 10-day moving average of $35.79 on a volume of 229K 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.

Over the past year, General Motors C has traded in a range of $30.56 to $41.90 and is now at $35.65, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for General Motors C and will alert subscribers who have GM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses general motors c

Ticker(s): GM