A very positive article in Barron's over the weekend has goosed General Motors (GM) a bit this morning, which is climbing towards a confrontation with key near-term resistance at 31.55/60.
If that supply plateau is hurdled and sustained, GM should follow through to 32.25/35 next.
Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!
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Started by
TTHQ Staff
, May 16 2011 03:49 PM
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