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GENERAL MOTORS CORP
(GM-NYSE):
Technical Viewpoint: From a low
of $50.20 on Apr 3, 2001 prices
rallied, reaching a
high of $58.30
on May 17, 2001. A
decline saw prices pull back, reaching a
low of
$54.99 on May 23, 2001.
Another rally saw prices penetrate
resistance, closing 5/29/01
at $57.33. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 19, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at $58.30.
Point & Figure: Reversed to the upside on May 24, 2001. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP
(GM-NYSE) @ $57.50 Stop: Use a protective stop of $54.75.
GENERAL MOTORS CORP is currently trading @ $57.33 plus $1.08 on May 29, 2001. Price Objective:
$70.00. Risk/Reward: $2.75 VS. $12.50. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$70.00
Risk/Reward:
$2.75 VS. $12.50
Risk/Reward Ratio:
4:1
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