Long Position on GM @ $43.60 on 11/17/2017 (Momentum)

General Motors Company (GM) designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.

The company operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial segments.

It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

The company also sells cars, trucks, and crossovers to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, it offers connected safety, security and mobility solutions, and information technology services.

The company, through its subsidiary, General Motors Financial Company, Inc., provides automotive financing services. 

Shares have formed a bullish "cup and handle" and higher share prices are expected to head higher. The formation is supported by the stock's 50-day moving average shown in brown.

52-Weeks Trading Range: $31.92 - $46.76

Entry Point: $43.60

Stop Loss: $41.40

Target Price: $47.96

Updates

12/29/2017 11:22:45 AM

GM closed at $41.25

Position closed on 12/29/2017 at price of $41.25 with a -5.39% loss in 42 days.

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