General Motors (NYSE:GM) Stock Analysis 10/23/11

General Motors Co. (NYSE:GM) stock soared 6% on Friday after Ford received a credit rating upgrade. This news sparked me to take another look into the technical of GM stock.

General Motors (NYSE:GM) hit a low of $19.05 at the beginning of October and has been going up ever since. GM has been in a nice uptrend and has been bouncing off the 10 day moving average on every pullback. I would keep an eye on GM's 10 day moving average and if you see a close back below this level, sell.

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GM Stock Analysis 3/26/09 March 26 2009

General Motors ( GM ) stock is up 10% to $3.29 this morning due to the the hopes that the Auto Task Force will be giving GM another loan at the end of the month. There is also hope that the worst is over for the automakers.

General Motors Technical Analysis - March 26, 2009

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GM stock analysis is very easy. General Motors has been bouncing off of the 10 day moving average since closing over it in early March. GM also had trouble breaking up though the 50 day moving average for several day but finally closed over this level last week. These two moving averages ( $2.71 & $2.81 ) offer solid support going forward. As you witnessed yesterday, buyers are lined up at these levels. A close below these two moving averages would be bearish and I would be selling my position.

On the upside, the key price that I am watching is $3.54. This was the high on Monday which caused a sell-off. If General Motors stock can get enough buyers to push it through the $3.54 level, I see the next stop at around $4 eventually. After $4.00, I see $4.49 and then $5.87. Lets focus on closing over $3.54 first!

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GM Stock Analysis 3/20/09 March 20 2009

The following is technical analysis for General Motors ( GM ) stock - March 20, 2009

Support: $2.80, $2.40, $2

Resistance: $3.00, $3.50

GM stock is looking fairly good here as it is trending over the 50 day moving average. I am watching for a close over $3 as a sign this rally is not yet over. The market is pricing in another bail out loan and possibly that if things improve it could potentially be the last loan. GM has support around the $2.40 level and $2. A close below these two an GM stock will restest the lows. General Motors needs to stay above the 50 day moving average! For More Technical Analysis - Go Here

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