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SmarTrend Watching for Potential Pullback in Shares of General Motors C After 1.19% Gain

By Nick Russo

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $37.97 to a high of $38.54. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $38.08 on volume of 5.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of General Motors C on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $41.56. Since that call, shares of General Motors C have fallen 9.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, General Motors C has traded in a range of $27.34 to $46.76 and is now at $38.26, 40% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders general motors c

Ticker(s): GM