Technical Analysis Of Qualcom And GM

Qualcom Stock Technical Analysis

NOTE: This Technical Analysis is Based on Closing Price on February 12th. For latest Qualcom Technical Analysis Chart see here.

Qualcom (NASDAQ:QCOM) stock has broken above the 20 day moving average line. The MACD indicates that the stock will continue its northward journey. In a bullish crossover the MACD line crossed over the signal line. However QCOM stock will face resistance at the upper gap level of $70.85
QCOM Technical chart
Qualcom Technical Analysis Chart by amigobulls.com

General Motors Stock Technical Analysis

NOTE: This Technical Analysis is Based on Closing Price on February 12th. For latest General Motors Technical Analysis Chart see here.

RSI indicates that General Motors (NYSE:GM) stock price is in overbought territory. The stock price has continued its upward march since February start and has reached $37.3. Going forward GM stock price faces heavy resistance around $38 level. The stock has tested $38 level twice last year and was unable to break above it. Breaking above $38 level will lead to bullishness in medium term. However the volume is droping, making a break above $38 level increasingly tougher.
GM Technical chart
GM Technical Analysis Chart by amigobulls.com

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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