TMCnet News
General Motors Rises 2.12% on Heavy Volume: Watch For Potential PullbackFeb 27, 2013 (SmarTrend(R) News Watch via COMTEX) -- General Motors (NYSE:GM) traded in a range yesterday that spanned from a low of $26.72 to a high of $27.58. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $27.17 on volume of 13.0 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 is monitoring the recent change of momentum in General Motors. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of General Motors in search of a potential trend change. General Motors share prices have moved between a 52-week high of $30.68 and a 52-week low of $18.72 and are now trading 46% above that low price at $27.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%. 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 |