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