General Motors: Are We There Yet? No

General Motors (GM) looks like the parking brake is not on as prices slide lower. GM made a strong effort to move higher in December, January and into March, but these three pushes to the upside had weakening momentum readings and the On-Balance-Volume (OBV) line failed to make a new high. This set the stage for the weakness we have seen since March.

The decline does not appear to be over and it is going to take aggressive buying and not incentives to stabilize and rally prices in the weeks ahead. When we last looked at GM, we weren't sure what to do: "I honestly don't know whether we should be in drive, neutral or reverse. Let's check in with GM in a few weeks." Here we are!...193 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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