Street Fades Barron's Bullish Article On General Motors

General Motors GM shares are trading lower by $0.11 at $35.64 in Monday's session. The Street is not buying the bullish article in Barron's over the weekend that called for 40 percent upside in the issue in short order. Instead the issue has failed once again at the $36 level. Since its October 21, it has made several highs around $36 but has failed to post a close above. In today's session, it peaked at $36.12 off the open and is quickly approaching the $35.50 level. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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