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