The bullish DailyPlay we chose for Thursday October 29th is General Motors (GM). GM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 11.42% move higher and its 1m and 6m trend indicator both turned bullish on 10/5.
General Motor’s 1m and 6m trends have turned bullish on 10/7 and recently gapped higher above its $34 resistance level which now becomes support. With a technical score of 8 (out of 10), GM looks positioned to continue this strong bullish trend higher towards its $39 resistance level.