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General Electric ready to make some move!
General Electric the biggest of all big stocks and the current bell weather is showing signs of life and may be ready for a real big move. It may move up 20 to 30% over the next few months. The stock has been building solid bases for the last six months. Many analysts have turned bearing and that made it look even more attractive since these big name investment houses will have buy GE back if GE starts moving up.
The stock is the “Bluenst of the Blue in NYSE” and is consistently providing higher earnings and guidance. There are rumors that GE may even boost dividend and continue to buy back its shares in an accelerated mode.
Heavy accumulation pattern is evident from chart patterns. GE is trading around $35.70 and it may make an up move of 20 to 30% over the next several months. In addition it is an attractive dividend.
Disclaimer: Trade at your own risk. We are not responsible for any loss. This is just an opinion. Trading in futures or stocks in the market is risky.
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