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General
Motors Corporation - GM
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November 22, 2006
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Last Trade
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$31.09
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Volume
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35,473,100
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52-Week High
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$36.56
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52-Week Low
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$18.33
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Commentary:
For today's
chart we've chosen to take a look at GM because it has fallen below a
medium-term trendline. As you can see from the chart below, the drop below
the ascending support will be used by technical traders to suggest that the
downward momentum may continue. Notice how the volume on the bottom of the
chart has increased since the price has moved below the support near
$33.50. This spike in volume will be used as confirmation by the bears of
the expected move lower.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
WMB
AMZN
QQQQ
PCAR
QQQQ
WMT
CBSS
YHOO
QQQQ
GENZ
THC
NEM
HUI
QQQQ
DELL
QQQQ
PD
GOOG
QQQQ
oil
QQQQ
MOGN
CIEN
QQQQ
BA
QQQQ
AGE
RMD
DE
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