If the past 60 days are any reflection on GE stock we expect this extension to continute for $GE for another roughly 45 days that would get us comfortably to the 16 dollar range.
An extension above that point is very likely if we continue to see increased air travel and new orders for aircraft (that use the GE engine) and also industrial machinery orders continue to pick up.
With the additional stimulus dollars that are coming into the market, institutional investors could start to switch from growth to value stocks making GE and other staples a perfect option.
We are long from 6.25 and 7.4 respectively looking for a 100% return on this long term trade.
An extension above that point is very likely if we continue to see increased air travel and new orders for aircraft (that use the GE engine) and also industrial machinery orders continue to pick up.
With the additional stimulus dollars that are coming into the market, institutional investors could start to switch from growth to value stocks making GE and other staples a perfect option.
We are long from 6.25 and 7.4 respectively looking for a 100% return on this long term trade.