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SmarTrend Watching for Potential Rebound in Shares of General Motors C After 2.68% Loss

By Nick Russo

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $35.17 to a high of $35.75. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $36.50 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

General Motors C share prices have moved between a 52-week high of $45.52 and a 52-week low of $30.56 and are now trading 16% above that low price at $35.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Keywords: rebounders general motors c

Ticker(s): GM