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General Motors Looks Vulnerable to a Deep Selloff


Shares of General Motors (GM - Get Report) are barely holding on to key support. If the stock is unable to recover its 200-day moving average soon, the overhead pressure could take control of the action. A close below $30 would open up the downside to a considerable move.

For GM bulls, the the stock may prove a frustrating long over the coming weeks.

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In mid-March, GM failed to clear its declining 200-day moving average as its powerful rally off the February low began to run out...