$GE is now trading above its 200-day moving average and has made a series of higher lows. After a solid quarterly earnings report and improved Free Cash Flow, $GE looks much better from a fundamental and technical perspective. If $GE closes above the 200- day moving average, we believe institutions will start coming back into the stock. We think new 52 week highs could be come sooner rather than later considering many had written $GE off.
As always, trade with caution and use protective stops.
Good luck to all!
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/