This post was just published on ZYX Buy Change Alert.
GM is down this morning after earnings. This is a buying opportunity however due to overall market conditions it is important to keep the overall quantity small here and plan to add later if the stock dips further. The buy zone is $31.26 to $34.26. The stock is trading at $33.90 as of this writing in the pre-market. Aggressive traders may want to take a 10 – 20% tranche here. 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.
