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GENERAL MOTORS CORP
(GM-NYSE):
Technical Viewpoint: From a low
of $61.61 on Jun 26, 2001 prices
rallied, reaching a
high of $64.97
on Jul 2, 2001. A
decline saw prices pull back, reaching a
low of
$61.38 on Jul 6, 2001.
Another rally saw prices penetrate
resistance, closing 7/11/01
at $65.47. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Jul 11, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $63.00. Resistance: Is at $68.38.
Point & Figure: Reversed to the upside on Jul 11, 2001. A P&F upside
reversal takes place at $64.00. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP
(GM-NYSE) @ $65.62 Stop: Use a protective stop of $63.12.
GENERAL MOTORS CORP is currently trading @ $65.47 plus $2.73 on Jul 11, 2001. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $9.38. 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:
$75.00
Risk/Reward:
$2.50 VS. $9.38
Risk/Reward Ratio:
4:1
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