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Look for Shares of General Motors C to Potentially Pullback after Yesterday's 1.71% Rise

By Nick Russo

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $36.97 to a high of $37.58. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $37.25 on volume of 2.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, General Motors C share prices have been bracketed by a low of $27.34 and a high of $46.76 and are now at $37.54, 37% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.49% higher 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