This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
General Motors(GM - Get Report) designs, builds and sells cars, trucks and automobile parts worldwide. This stock is trading up 2.1% at $24.96 in recent trading.
Today's Volume: 10.9 million
Average Volume: 8.3 million
Volume % Change: 121%
>>5 Stocks to Buy to Be Like Buffett
From a technical perspective, GM is moving modestly higher here with above-average volume, and it's stated to push into breakout territory since its moving above some past overhead resistance at $24.87. At last check, GM has hit an intraday high of $25.15 and volume has just started to clear its three-month average action of 8,252,850 shares.
Traders should now look for long-biased trades in GM as long as its trending above today's low of $24.32 with strong upside volume flows. I would consider any upside volume day that registers near or above 8,252,850 shares as bullish. If GM can hold that trend, and especially continue to trend above $24.87, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance at $27.03.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.