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SmarTrend Watching for Potential Rebound in Shares of General Motors C After 5.72% Loss

By Shiri Gupta

General Motors C (NYSE:GM) traded in a range yesterday that spanned from a low of $21.45 to a high of $22.45. Yesterday, the shares fell 5.7%, which took the trading range below the 3-day low of $22.59 on volume of 8.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, General Motors C has traded in a range of $14.33 to $41.90 and is now at $21.25, 48% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 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