BUY! GENERAL MOTORS CORP (GM) NYSE

  Report No. 1464    Analysis by: Harry Aloof     FEBRUARY 21, 2002

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$68.00 Risk/Reward:
$2.75 VS. $15.50 Risk/Reward Ratio:
5:1
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