manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

What should we expect from shares of the General Motors?

22 July 2016

One of the leaders of the global car industry has reported a 157% increase in net profit in the second quarter of 2016. As compared to the second quarter of 2015, this growth is up to $2.9 billion.

For the reporting period, the company's revenue grew by 11% against the same period of the last year. "This was an excellent quarter for GM" - says GM cheif and CEO Mary Barra.

Based on the multipliers P/E и P/BV, shares of the company are being traded below the average values. It implies a growth of the shares price up to 33.41. Thus, we can expect potential growth by 4.2%.

Technical analysis:

  • ADX on the daily and 4-hours' and hourly charts indicates presence of a strong uptrend.
  • The day before, shares of the "General Motors" confidently broke the strong resistance level 31.75, which is now becoming a strong support level. The next strong resistance levels are at the level of 32.67 and 33.39.
  • RSI on the daily chart is overbought, which does not allow us expecting a significant growth of quotations.

What should we expect from shares of the General Motors?


Our trading recommendations:


  • Buy #General Motors
  • The first goal: 32.67
  • The second goal: 33.43


Good luck in trading!
FreshForex — fresh view on money!

Other news:


All news

left to news release
Time left
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .