GE’s Trading Volume Lights Up

General Electric (GE) — This huge worldwide technology, media and financial services company has been in a bear market since January 2008. It hit its high above $41 in October 2007 and headed straight to a low made on Tuesday at under $11.


But in the past 7 days, GE has flashed two of our internal buy signals (Collins Bollinger Reversal, or CBR), upside trading volume has sharply increased, and a selling climax on Friday coincided with the stochastic issuing a buy signal.

Some analysts are saying that it is time to add this premier growth stock to long-term portfolios on a value basis alone. But now enough is enough and the charts, too, are telling us to buy GE.


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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.


Article printed from InvestorPlace Media, https://investorplace.com/2009/01/1-29-08-ge-trading-volume-lights-up/.

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