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General Motors C Bearish Moving Average Crossover Alert (GM)

By Nick Russo

General Motors C (NYSE:GM) crossed under its 10-day moving average of $39.57 on a volume of 1.5 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.

General Motors C share prices have moved between a 52-week high of $46.76 and a 52-week low of $34.50 and are now trading 14% above that low price at $39.29 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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