Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
General Motors' stock (GM) returned higher in the intraday levels, scoring a profit of 2.13% in the last session, or 0.91 points, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, as a positive divergence forms in the Stochastic indicator as shown below the attached chart.
Therefore we expect more gains for the stock, targeting the resistance of 46.76, as long as the support of 40.58 holds on.