General Motors Testing Major Resistance Area ($32.30)

  • Reported strong retail sales for September on October 1 and has rallied from $30.02 to $32.
  • Bottomed off the opening bell just above Monday's close ($31.76) at $31.81.
  • So far, has exceeded Monday's high ($32.16), reaching $32.30.
  • Has made several highs in this area since August 10.
  • Has not closed above $32 since July 7, when it ended the session at $32.86.
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