Will.I.am % R for a Buy signal starring General Motors

 

Scream & Shout

Now on to some boring TA work on $GM (lol). I have been doing some scanning today and thought I would break out the Williams % R scans that I have configured:

Show stocks where Williams %R (14) crossed below -90.00 within the last 1 day
and Average Volume(90) is above 500000
and close is between 10 and 250

One that jumped out at me was $GM. Here is a Daily chart showing 4 Buy signals:

GM_williamsR

Just a Simple Approach here. Any dip under -75 and you enter a new Long. Use your normal Stop process (or protect with Options if you have that as part of your arsenal).

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