Wednesday, March 17, 2010

GE - Breakout

Late by a couple days, but nevertheless GE broke above the key $17.00 resistance and also the 360 EMA.  Wait for a pullback to 20 EMA before going long.  Most likely that will be between $16.50 and $17.00 over the next couple weeks.  Expect to hit at least $22 sometime during the year. 

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