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General Motors C Falls 1.69% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $34.96 to a high of $35.50. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $35.84 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of General Motors C have traded between a low of $31.46 and a high of $41.90 and are now at $35.41, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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