Investor's Business Daily on MSN
Why GM stock is rising even though the car industry is shrinking
A couple of analysts recently raised their price targets for General Motors after an excellent earnings report.
In the last 10 weeks, GM stock printed only three up weeks, leading to an overall downward slope. Under this setup, the exceedance ratio jumps to 69.2%, reflecting potential buy-the-dip sentiments.
Meanwhile, shares of GM’s crosstown rival, Ford Motor Company, increased 3.70 percent, or $0.44 per share, during the same timeframe. GM stock value was back on the rise this week after after two ...
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