GM Testing Supports
Shares of GM are looking interesting right here, right now.
Fundamentally, shares are cheap at 5.8x forward estimates. They also sport a 4.3% dividend that looks safe for the foreseeable future.
The technical setup is what has me buying. Shares are testing a confluence of supports: an upward sloping trend line going back several years, previously held support at about $35, and the 200-week moving average.
Much like Ford (F), this looks like a good holding to sell calls against to boost income while you wait for the next cycle to begin.
I'm starting a small position today and will be adding on weakness. A stop loss will be about 10% below, as I intend on this being a longer-term position and want to give it room.
Fundamentally, shares are cheap at 5.8x forward estimates. They also sport a 4.3% dividend that looks safe for the foreseeable future.
The technical setup is what has me buying. Shares are testing a confluence of supports: an upward sloping trend line going back several years, previously held support at about $35, and the 200-week moving average.
Much like Ford (F), this looks like a good holding to sell calls against to boost income while you wait for the next cycle to begin.
I'm starting a small position today and will be adding on weakness. A stop loss will be about 10% below, as I intend on this being a longer-term position and want to give it room.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.