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

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