GE - Multi-Year Breakout!

Written by MrStockFox. Posted in Trade Ideas

On Friday, General Electric surged to breakout of a multi-year consolidation on massive volume.  Technically this is very bullish but if you want to read about what caused this surge you can find that info here.  Over the last year I have used many of the multi-week declines to add to my position and unfortunately I did not get a full position before the breakout. At this point if GE can retrace back into the 27 level I would use that area to add to your position because it looks as though the stock wants to climb above 30.

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