Wednesday, 22 February 2017

GE - the slow moving corporate monster

Whilst the main equity market saw a day of minor chop, there was a touch more weakness in General Electric (GE), which settled -0.7% @ $30.32. Mid/long term trend is bullish, and by end 2017, the $35/36s would be the natural 'bullish case' target.

GE, daily

GE, monthly


GE rarely gets much attention. Certainly, the momo chasers have zero interest in such a slow moving stock.

Things only turn bearish with a break <$28.. where rising trend is.

Best guess.... the 34/35s by end year. The $36s will be just about possible... on a stretch.