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General Motors Crosses Above its 10-day MA (GM)

By David Diaz

General Motors (NYSE:GM) shares have crossed bullishly above their 10-day moving average of $31.31 on a volume of 6.0 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

General Motors share prices have moved between a 52-week high of $36.88 and a 52-week low of $24.62 and are now trading 30% above that low price at $31.98 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 and will alert subscribers who have GM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses General Motors

Ticker(s): GM