On Thursday, General Motors earned an upgrade to its Relative Strength (RS) Rating, from 65 to 72.
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This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating of above 80 as they launch their biggest price moves. See if General Motors can continue to rebound and clear that threshold.
General Motors is trading within a buy zone after clearing a 53.96 entry in a cup with handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
The company reported negative growth for both sales and earnings last quarter.
The company earns the No. 2 rank among its peers in the Auto Manufacturers industry group. Ferrari is the top-ranked stock within the group.
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.
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