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General Motors C Set to Possibly Rebound After Yesterday's Selloff of 2.11%

By Shiri Gupta

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $36.61 to a high of $37.36. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $37.28 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.

SmarTrend recommended that its subscribers protect gains by selling shares of General Motors C on June 25th, 2018 by issuing a Downtrend alert when the shares were trading at $40.71. Since that call, shares of General Motors C have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

General Motors C share prices have moved between a 52-week high of $46.76 and a 52-week low of $34.50 and are now trading 7% above that low price at $36.76 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

Keywords: rebounders general motors c

Ticker(s): GM