GM: Forget the News; the Chart is Telling Us to Buy This Troubled Stock

General Motors (NYSE: GM) continues to reel from its seemingly constant string of recalls. On Monday, the company announced its latest -- six new recalls affecting about 7.6 million vehicles.
Yet, the stock has reached an interesting inflection point on the charts, which now offers traders a good long-side setup.
In recent months, the news has focused on the company's failure to detect a faulty ignition switch, which resulted in fatalities and the company recalling millions of vehicles. From an investing standpoint, however, traders need to separate reality from perception. Getting hung up on the headlines could cause you to miss out on profits.  (more)

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