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

By James Quinn

Today, shares of General Motors (NYSE:GM) have crossed bearishly below their 10-day moving average of $29.23 on a volume of 5.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of General Motors have traded between a low of $24.62 and a high of $36.88 and are now at $28.98, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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