GENERAL MOTORS CORP
(GM-NYSE):
Technical Viewpoint: From a low
of $29.75 on Mar 11, 2003 prices
rallied, reaching a
high of $37.57
on Apr 23, 2003. A
decline saw prices pull back, reaching a
low of
$32.84 on May 23, 2003.
Another rally saw prices penetrate
resistance, closing 6/17/03
at $39.14. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 4, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $36.00. Resistance: Is at $41.12.
Point & Figure: Reversed to the upside on Jun 17, 2003. A P&F upside
reversal takes place at $37.50. Summary: Technical indicators have turned bullish. BUY! GENERAL MOTORS CORP
(GM-NYSE) @ $39.25 Stop: Use a protective stop of $37.25.
GENERAL MOTORS CORP is currently trading @ $39.14 plus $2.03 on Jun 17, 2003. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $11.75. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.00
Risk/Reward:
$2.00 VS. $11.75
Risk/Reward Ratio:
6:1
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