General Motors Corporation(GM) has rising momentum with an uptrend

(28-Jan-2008) (28-Jan-2008) General Motors Corporation(GM) closed at 26.53, up 0.74 or 2.87 % for the day. Based on our analysis, General Motors Corporation(GM) has rising momentum with an uptrend.

The closing price of General Motors Corporation(GM) is above its 50 day moving average of 26.22 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that General Motors Corporation(GM) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 16-Jan-2008, about 9 trading days ago.