General Motors Stock Just Revved Up to New 10-Year Highs

Core Insights - General Motors (GM) is valued at $68.58 billion and has a complex history, including a bankruptcy filing during the financial crisis, from which it quickly emerged [1][2] - The company is focusing on an electric future with its Ultium Drive system, which supports the transition to an all-electric vehicle portfolio [2] - GM's stock has shown strong technical momentum, gaining 9.09% since a "Buy" signal was issued on October 22 [4] Company Performance - GM has achieved a 10-year high stock price of $73.89 as of December 1, indicating strong market performance [5][6] - The stock has a 100% "Buy" technical opinion from Barchart and has increased by 32% over the past year [6][7] - The company has a Weighted Alpha of +53.86 and has made 12 new highs, with a recent gain of 6.31% in the last month [7] Technical Indicators - The stock recently traded at $73.81, with a 50-day moving average of $65.05, indicating positive momentum [7] - The Relative Strength Index (RSI) is at 69.97, suggesting the stock is nearing overbought conditions [7] - There is a technical support level around $73.00, providing a potential safety net for investors [7]