General Motors sales figures for November were inspiring, but the stock has been on a downtrend all year. The chart below shows the past 12 months. So far the stock is down about 16% for the year as of Dec 2 close.
GM Stock Chart to Dec 2 2014
The steady decline of the stock is obvious when an investor reviews the past 12 months. To break this steady decline, GM Stock needs to push beyond $35.00 and hold above it. The mid-October correction sent the stock down to below $30 but the recovery was fairly quick although most investors remained cautious with placing much new capital to work in the stock.
The GM Stock chart is giving a lot of signals to investors who are interesting in trading options. This article looks at a variety of trade opportunities including one trade which could return 23.7% if the stock follows the path the technical indicators are pointing to.
The rest of this trade ideas article on General Motors Stock is for USA members.
General Motors Stock Trade Ideas for Dec 2 2014
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.