Thursday, June 22, 2017 9:24:53 AM
Just last week, shares of General Electric Company (NYSE:GE) surged almost 10% after it was announced that the CEO would be stepping down. General Electric is one of those old school companies that is having a hard time getting investors to believe they are on the cutting edge of the future. Thus, they have not traded at a price-to-earnings ratio of many other technology companies, even after selling off GE Financial and getting rid of the boring parts of the company. Investors view the current CEO as part of the problem. He is old school when the stock market demands new school. When it was announced, Wall Street cheered and General Electric shares jumped. However, since that day, the stock has faltered and faded, coming back to the gap fill from the sharp pop day. This is known as major support.
Believe it or not, the stock has even moved slightly lower, now into a major level I believe is a strong buy. The level is $27.75 and is a major trend line as seen in the chart below. This is a gift. Investors can buy the stock below levels prior to the announcement. I am looking to swing trade the stock with an upside target of $30.50.
Gareth Soloway
InTheMoneyStocks
Recent GE News
- GE Aerospace Board of Directors Authorizes Regular Quarterly Dividend • Business Wire • 09/13/2024 04:48:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:26:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 08:19:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 08:16:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 12:32:12 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/06/2024 10:41:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:09:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:09:16 PM
- EVA Orders GEnx Engines to Power Boeing 787 Fleet Expansion • PR Newswire (US) • 07/24/2024 08:00:00 AM
- American Airlines Orders 180 CF34 Engines to Power New Embraer 175 Fleet • PR Newswire (US) • 07/23/2024 12:52:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/23/2024 10:28:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 10:22:14 AM
- U.S. Index Futures Dip Slightly as Investors Await Major Earnings Reports, Oil Prices Edge Up • IH Market News • 07/23/2024 10:04:07 AM
- British Airways Orders First GEnx Engines for New 787 Dreamliners • PR Newswire (US) • 07/22/2024 04:34:00 PM
- Japan Airlines Signs Deal for GEnx to Power New 787s • PR Newswire (US) • 07/22/2024 03:50:00 PM
- GE Aerospace and Kratos Partner on Small Affordable Engines • GlobeNewswire Inc. • 07/22/2024 09:00:00 AM
- GE Aerospace and Kratos Partner on Small Affordable Engines • PR Newswire (US) • 07/22/2024 09:00:00 AM
- GE Aerospace and U.S. Department of Energy Reach Agreement to Expand Supercomputing Capability for Revolutionary New Open Fan Engine Architecture • PR Newswire (US) • 07/21/2024 05:00:00 PM
- GE Aerospace investit un milliard USD pour agrandir et moderniser ses installations MRO dans le monde entier • Business Wire • 07/19/2024 03:56:00 PM
- GE Aerospace investe un miliardo di dollari per espandere e aggiornare le strutture di manutenzione, riparazione e revisione in tutto il mondo • Business Wire • 07/19/2024 03:54:00 PM
- GE Aerospace investiert 1 Milliarde US-Dollar in die Erweiterung und Modernisierung von MRO-Einrichtungen weltweit • Business Wire • 07/19/2024 01:34:00 PM
- GE Aerospace Investing $1 Billion to Expand and Upgrade MRO Facilities Worldwide • Business Wire • 07/19/2024 11:55:00 AM
- TRIUMPH AWARDED F404 AUXILIARY GEARBOX FROM GE AEROSPACE • PR Newswire (US) • 07/17/2024 01:00:00 PM
- GE Aerospace T901 Engines Accepted by U.S. Army for UH-60 Black Hawk Flight Testing • PR Newswire (US) • 06/28/2024 12:02:00 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM