swimmax

GE Bull Flag, comfortable with rise to 14.8-16

Long
NYSE:GE   GENERAL ELECTRIC CO
GE has put in a daily bull flag , with the Monday (2/22) break above the trend and the Tuesday (2/23) retouch of the line and return above the extension is valid as of right now.
You could say conservatively that the pole of the run goes from 7-11 making it a $4 dollar extension. With current price at around 12.8 we could see a run to 14.8 and 16 respectively.

Have a good trading week.

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