DailyPlay for Wednesday August 26th, 2015 – General Motors Company (GM)

The bearish DailyPlay we chose for Wednesday August 26th is General Motors Company (GM). GM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 9.46% move lower as both trends remain bearish.

General Motors Company has been in a strong bearish trend since the end of June as it continues to show negative momentum with a technical score of 2 (out of 10). GM looks positioned to continue this strong bearish trend lower towards $24.62.

View this trade idea on $GM