Main >
About Us
>
Company News
>
What should we expect from shares of the General Motors?

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

Company news
Frequently asked questions

Not a client yet?

Start
trading OPEN
DEMO ACCOUNT BECOME
PARTNER
Close
Login

Tunjukkan kata laluan

Hide password

 Terlupa kata laluan anda?
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 .

Our best awards:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the following countries.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.
© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.