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After Yesterday's Decline of 1.22%, General Motors C Offers Investors Better Value

By Shiri Gupta

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $36.39 to a high of $36.83. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $36.69 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, General Motors C has traded in a range of $31.46 to $41.90 and is now at $36.44, 16% above that low. The 200-day and 50-day moving averages have moved 0.07% lower and 0.08% lower over the past week, respectively.

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: rebounders general motors c

Ticker(s): GM