General Motors Stock: The Bollinger Bands Drop Before the BrightDrop

The General Motors Company (GM) launched sharply higher out of a Bollinger Band squeeze.

Bollinger Bands (BBs) are a powerful trading tool. They define an expected range of volatility in a stock based on recent price action. When that volatility contracts, the Bollinger Bands squeeze into a narrow channel. The resolution of that squeeze – to the upside or downside – can create a powerful continuation of or change … Read more