GE is now trading above its 200-day moving average and has made a series of higher lows. After a solid quarterly earnings report and improved Free Cash Flow, GE looks much better from a fundamental and technical perspective. If GE closes above the 200- day moving average, we believe institutions will start coming back into the stock. We think new 52 week highs could be come sooner rather than later considering many had written GE off.
As always, trade with caution and use protective stops.