Good timing on this request for a chart of GE since they just reported earnings this morning:
I’d like to see your thoughts on GE. It looks like it broke down on at the end of June.
GE sure did break down in June but yesterday’s move has it looking much better (if you’re a bull). The close above that trendline and the 200-day moving average is very constructive. If I wanted in this stock I’d probably jump in right here with a stop under this week’s lows around 35. (I’d only enter if the stock keeps reacting well to earnings as it is right now in the very early pre-market action.)
