ProTrading.Signals
Long

GM ready to go?

BATS:GM   GENERAL MTRS CO
79 0 1
Contrary to the market performance, GM             has not done so good so far. It has consolidated over 4 month lagging the market.
Now though, the picture seems to be changing a bit. Recently, GM             has pierced through the rock solid $38 level, and seems comfortable, with no signs of reversal.
Using the PivotBreak and the SmartPoint indicators shows us a bullish formation that could lead eventually to a real breakout. We are still bullish above the 39.20 level, indicated by the yellow pivot line, an indication supported by the positive channel in between the smartPoints bands.
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