General Motors Clears Major Resistance At $36

shares are trading higher by $1.20 at $36.41 in Wednesday's session. Since its better-than expected Q3 report on October 21, it has made several attempts to the clear the major resistance at the $36 level. In fact, it has traded over $36 on three different occasions since the report, trading as high as $36.12 on November 9, but has not been able to post a close above that level. In today's session, it bottomed at its opening print of $35.30 and began to move higher. Once it cleared the former high of the move, the pace of the rally accelerated. So far, it has reached $36.47 and is not far off from it. That marks the highest level for the issue since it had a pair highs in this area on June 22 ($36.54) and June 23 ($36.48).

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