Sunday, May 17, 2009

Bullish Stock According To Technical Analysis On May 17, 2009

Here is the stock that meets some criterias to be a bullish stock. Below are the analyses about the company (without fundamental analyses):

Chart by

General Motors Corp. 7.25 Notes (RGM) has closed at $1.28, with daily volume of 128.245.

The company has its bullish engulfing candlestick, which the white candlestick engulfed the red candlestick. The stochastic's blue line has reach its lower limit line, and ready to cross its red line. Beside that, the MACD's blue line has also ready to cross its red line.

Stay alert!


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