GE Should Bring Good Things to Life This Summer

After shares of General Electric (GE) peaked last July near $33, the heat of its monster rally off the 2009 lows moved from boiling to simmer, as the current probing into the $27s illustrates. However, the next few months could include a return to the front burner of investors' focus, as the corrective pattern appears over, or nearly so.

This is the big picture of GE's price behavior of the past 25 years. While we can't tell if the entire rise off the 2009 low is over, the next few weeks to months could be the ideal time to exit long exposure, before bearishness potentially becomes more assertive than the last year's growling proved to be. Therefore, using any rise toward $32 +/-$2 to reduce exposure, or exit completely, is becoming the optimal plan to avoid the next decline into the green box of support....292 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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