General Motors stock had its Relative Strength (RS) Rating upgraded from 69 to 72 Monday — a welcome improvement, but still short of the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
History reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their largest runs. See if General Motors stock can continue to show renewed price strength and clear that threshold.
Is General Motors Stock A Buy?
General Motors stock is building a cup without handle with a 61.24 buy point. See if it can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The American automaker reported 6% EPS growth last quarter, while sales growth came in at 2%. The next quarterly results are expected on or around Jul. 22.
General Motors stock earns the No. 2 rank among its peers in the Auto Manufacturers industry group. Ferrari is the No. 1-ranked stock within the group. For more industry news, check out "Automotive Industry News, Self-Driving Cars And Stocks To Watch."
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
