by Serge Berger | May 31, 2013 7:30 am
[1]As I said yesterday, global conglomerate General Electric (GE[2]) has risen over 250% since the market’s 2009 bottom … yet looks set to keep climbing.
Why? Well, the stock’s ascent has been quite orderly — as seen in the charts I posted yesterday[3]. It’s been consistently posting both higher highs and higher lows, which makes it difficult for the broader market to correct its rally more than a few percent.
The even better news, though, is that other names, including AIG (AIG[4]) and telecom DigitalGlobe (DGI[5]), have also been climbing in similar patterns. With that in mind, their stocks seem just as immune to a large correction as GE.
Serge Berger is the head trader and investment strategist for The Steady Trader[6]. Sign up for hisfree weekly newsletter here[7]. As of this writing, he did not own a position in any of the aforementioned securities.
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