GENERAL MOTORS CORP
(GM-NYSE):
Technical Viewpoint: From a low
of $47.93 on Jan 25, 2002 prices
rallied, reaching a
high of $51.49
on Feb 2, 2002. A
decline saw prices pull back, reaching a
low of
$48.07 on Feb 8, 2002.
Another rally saw prices penetrate
resistance, closing 2/20/02
at $52.28. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 13, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $51.22. Resistance: Is at $53.22.
Point & Figure: Reversed to the upside on Feb 13, 2002. A P&F upside
reversal takes place at $50.50. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP
(GM-NYSE) @ $52.50 Stop: Use a protective stop of $49.75.
GENERAL MOTORS CORP is currently trading @ $52.28 plus $2.27 on Feb 20, 2002. Price Objective:
$68.00. Risk/Reward: $2.75 VS. $15.50. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$68.00
Risk/Reward:
$2.75 VS. $15.50
Risk/Reward Ratio:
5:1
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