General Motors marks new record - Analysis - 13-01-2021

2021-01-13 10:06:45 GMT (Economies.com)
 

General Motors' stock (GM) surged 6.24% in the last session to a new record high while piercing the pivotal resistance of 46.65, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 50.70, provided it holds above 46.65. 

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2126
0.0061
0.5035%
1.3678
0.0129
0.9495%
Tadawul
8878.30
-29.61
0.33%
25.745
0.840
3.373%
53.120
0.820
1.568%
56.08
-0.23
0.41%
1868.270
32.155
1.751%
 
 
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