This post was just published on ZYX Buy Change Alert.
Often when the news is bad it is time to buy the stock. With all the recalls, the news for GM could not be worse. Tomorrow its CEO will testify before Congress. Politicians will grandstand causing more negativity. Any big dip in the stock on this negativity will be a buying opportunity.
The buy zone is $31.26 to $34.26. The stock is trading at $34.65 as of this writing. Aggressive traders may want to take a 10% tranche right here around $34.65. Maximum accumulation if the stock dips should not exceed 60% of the full core position.
Target zone is $48 to $50. Stop zone is $27 to $27.43.
