• Return to Headlines

After Yesterday's Decline of 4.49%, General Motors C Offers Investors Better Value

By James Quinn

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $37.20 to a high of $38.28. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $38.67 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

General Motors C share prices have moved between a 52-week high of $41.90 and a 52-week low of $30.56 and are now trading 22% above that low price at $37.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of General Motors C on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.20. Since that recommendation, shares of General Motors C have risen 7.8%. We continue to monitor GM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders general motors c

Ticker(s): GM