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C = Catalyst for a Stock’s Movement
General Motors designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company is a giant in the auto industry and has the resources to provide great automobiles, but can it compete with what is out there already? American auto companies have been taking a big hit from international competitors. However, General Motors has made changes and is now attempting to develop vehicles that can compete, in terms of price and efficiency, with automobiles worldwide.
T = Technicals on the Stock Chart are Weak
General Motors’s long-term price chart shows how the company has struggled throughout the last few years. The company has trailed behind when providing competitive vehicles, and it shows in the stock price. The stock has been in a downtrend since its high in 1999, but can it break this downtrend? That depends. So far, price action looks constructive, but a decisive breakout to the upside would need to be seen before a trend change can be accomplished.
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