{"id":35405,"date":"2015-04-30T08:28:46","date_gmt":"2015-04-30T12:28:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=35405"},"modified":"2015-04-30T08:28:46","modified_gmt":"2015-04-30T12:28:46","slug":"general-electric-company-nysege-bulls-must-protect-26-50","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/general-electric-company-nysege-bulls-must-protect-26-50-35405","title":{"rendered":"General Electric Company (NYSE:GE) \u2013 Bulls Must Protect $26.50"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>General Electric Company (NYSE:GE)<\/strong> ended the last trading session not only absolutely flat but entirely inside the range of the previous trading session. The volume dried up too, to 37 million against the daily average of 67 million. In the first part of this month, the company had announced the sale of its non-core assets and the market felt very excited about the company being a pure industrial company, leading to a multiple expansion.<\/p>\n<p style=\"text-align: justify;\">The core business of General Electric Company (NYSE:GE) remains strong and improving. The currency headwinds are expected to reverse or at least, moderate. The multiple is expected to expand from 15X to 18X from the pure industrial play.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/04\/GE1.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\" size-full wp-image-35406 aligncenter\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/04\/GE1.jpg\" alt=\"GE\" width=\"631\" height=\"463\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/04\/GE1.jpg 631w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/04\/GE1-300x220.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/04\/GE1-75x55.jpg 75w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The charts of this stock throw a very interesting scenario, which should be a dream for the bulls. The entire two year long rise in the period of 2012-13 took a pause in the early part of 2014 and kept consolidating for the next few months. The consolidation phase took the form a perfect Bullish Flag pattern as all the corrections were contained in a neat channel. The sharp rise in the first week of this month broke the upper boundary of that channel and triggered the next phase of rally. The stock appreciated to $28.68 from $24.80 in a single week and that makes a bout of profit booking and correction for a few weeks absolutely natural.<\/p>\n<p style=\"text-align: justify;\">In the short term too, the price has found support on a trendline connecting the last two swing highs as seen on the chart attached but the strength of the rally remains questionable yet. If the bulls don\u2019t manage to push the price higher right now, then the bears can make the attempt to break the support at $26.50 and fill the gap, negating all the bullishness of the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Electric Company (NYSE:GE) ended the last trading session not only absolutely flat but entirely inside the range of the previous trading session. The volume [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":34915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1665,1664],"stock_ticker":[],"class_list":["post-35405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-general-electric-company-nysege","tag-nysege","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Electric Company (NYSE:GE) \u2013 Bulls Must Protect $26.50 - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/general-electric-company-nysege-bulls-must-protect-26-50-35405\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Electric Company (NYSE:GE) \u2013 Bulls Must Protect $26.50 - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"General Electric Company (NYSE:GE) ended the last trading session not only absolutely flat but entirely inside the range of the previous trading session. 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