GM Approaching Key Resistance

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By Mike Paulenoff | Published 05/16/2011 | Stocks | Unrated

GM Approaching Key Resistance

A very positive article in Barron's over the weekend has goosed General Motors (GM) a bit this morning, which is climbing towards a confrontation with key near-term resistance at 31.55/60.

If that supply plateau is hurdled and sustained, GM should follow through to 32.25/35 next.

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.

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