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Downgrade Alert for General Motors (GM)Jan 09, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- General Motors (NYSE:GM) was downgraded from Accumulate to Hold at Standpoint Research today. The stock closed yesterday at $29.37 on volume of 10.4 million shares, below average daily volume of 10.5 million. General Motors share prices have moved between a 52-week high of $30.23 and a 52-week low of $18.72 and closed yesterday at 57% above that low price at $29.37 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%. General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide. General Motors (NYSE:GM) has potential upside of 15.3% based on a current price of $29.37 and analysts' consensus price target of $33.85. The stock should discover initial support at its 50-day moving average (MA) of $25.89 and subsequent support at its 200-day MA of $23.19. SmarTrend recommended that subscribers consider buying shares of General Motors on October 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.34. Since that recommendation, shares of General Motors have risen 15.9%. We continue to monitor GM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |