[March 05, 2012] General Motors Set to Possibly Rebound After Yesterday's Selloff of 1.70% Tweet Mar 05, 2012 (SmarTrend(R) News Watch via COMTEX) -- General Motors (NYSE:GM) traded in a range yesterday that spanned from a low of $25.80 to a high of $26.40. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $25.92 on volume of 7.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. SmarTrend recommended that subscribers consider buying shares of General Motors on January 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.64. Since that recommendation, shares of General Motors have risen 16.9%. We continue to monitor GM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, General Motors has traded in a range of $19.00 to $33.75 and is now at $25.98, 37% above that low. The 200-day and 50-day moving averages have moved 0.49% lower and 2.77% higher over the past week, respectively. 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 [ Back To TMCnet.com's Homepage ]