Watch These GM Price Levels as Stock Plunges After Trump’s Auto Tariffs Announcement
Key Takeaways
- General Motors shares are likely to remain in the spotlight after leading the S&P 500 lower Thursday amid concerns about the potential impact of the Trump administration’s newly announced tariffs on auto imports.
- A bearish engulfing pattern recently emerged on the chart following a short-lived upswing that preceded today’s drop on above-average volume.
- Investors should monitor important support levels on GM’s chart around $45 and $40, while also watching key overhead areas near $50 and $55.
General Motors (GM) shares are likely to remain in the spotlight after tumbling Thursday amid concerns about the potential impact of the Trump administration’s newly announced tariffs on auto imports.
The drop in GM’s stock,…
