General Motors (GM) NewsBite - GM Covered In Bloomberg Video Report Today

Posted on Tuesday, August 12, 2008 12:33 PM

General Motors (GM) was covered in a Bloomberg Video Report today and the stock is now at $11.57, up $0.81 (7.54%) on volume of 13,293,175 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $8.81 to a high of $43.20. General Motors stock has been showing support around $9.41 and resistance in the $11.83 range. Technical indicators for the stock are neutral and S&P gives GM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GM the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]