The Traderszone Network

Published in TZ Latest News 25 November, 2016 by The TZ Newswire Staff

General Motors (GM) Tests The Trend

General Motors (GM) is testing the 3-year trend line it has been driving under since the release of the 2014 models. On the Trump jump, GM surged above previous 9-month resistance around $33. Last week it pulled back a little but this week resumed the pressure to the upside. The SCTR continues to test the 70 level. If GM breaks out, this should be an interesting ride.  The dividend yield is north of 4% and the stock closed near the high of the week. The MACD has a nice rising momentum and apparently the ‘fundamental story’ for the stock is great.

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