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Honda Motor Co Ltd (HMC) Ready to Breakout?

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 Are you a technical investor? If so, it may be time to consider Honda Motor Co Ltd (HMC - Free Report) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for HMC.

This trend may have already begun, as shares of ROIC have moved by higher by 5.2% in just the past month. Plus, HMC has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Honda Motor Co Ltd has plenty of life left.

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