Now That Dow Has Hit 20,000, GM (GM) and Nike (NKE) Are Hot Stocks - TheStreet

Now That Dow Has Hit 20,000, GM and Nike Are Hot Stocks

Some of Wall Street's biggest stocks are teetering on the edge of breakout territory this week. Here are five of them.
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General Motors (GM) - Get Report broke through $38 resistance in Wednesday's trading session. That's a buy signal.  Nike (NKE) - Get Report is forming a short-term ascending triangle pattern that triggers a buy above $54. GlaxoSmithKline (GSK) - Get Report looks "bottomy" thanks to a classic technical price pattern. The buy signal comes on a push through $39.75.

Microsoft (MSFT) - Get Report , after rallying for the better part of the last year, is still a "buy the dips stock" this winter. Novartis (NVS) - Get Report has an inverse head and shoulders pattern sparks a buy signal on a move through this stock's $74 level.

This article was written by a staff member of TheStreet.