Subject: GE: Bringing A Good Trade To Light?
The Trading Doctor
Monday, March 15, 2010
Our “Stock on Radar” this week is General Electric (GE). This stock has formed a bullish ascending triangle pattern. Last week, GE climbed 4.1% on heavy volume. Our proprietary studies have found a good risk/reward opportunity to buy GE on weakness.
If GE can pull back to the $16.50-16.75 area, we will accumulate a long position. If triggered, look to risk a dollar with approximately three dollars of upside potential.
Buy point for GE is the $16.50-16.75 area. Our stop loss is $15.75 with a target of $19.30.
As usual, we send you an e-mail when and if this stock triggers.
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