GE chart analysis

Wall street Journal article : Morgan Stanley made positive comments about the financial system’s exposure to commercial real estate and JPMorgan raised its price target on the stock, calling it one of its top picks in the sector.

A look at the chart :

  • Volume break out
  • Breakout on the 50d MA
  • pushed through the resistance of nov-dec
  • heading for the 2009 year-high resistance

Stop loss is at 15.9

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