NYSE:GE   General Electric Company
The American multinational conglomerate is one of the hottest possibilities now.
The chart formed an uptrend channel supported by strong fundamentals. With a P/E ratio of 32.65 (the industry has an average Forward P/E of 14.47), and a PEG ratio of 4.66, the company seems undervalued compared to the sector.
The short–term expectations are for the uptrend to continue to the $88-$90 resistance level .
If a breakout occurs the next resistances are located as follows:
R1 $ 100
R2 $ 116

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