GE Surges – Scanning Alert Triggered

Traders Blog | Thursday 30 July 2009
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Shares of General Electric Company (NYSE:GE) are surging more then 6% this morning to $13.10 as Goldman Sachs has upgraded the stock. GE stock has been added to the conviction buy list.

Strong Uptrend

GE Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.Based on a pre-defined weighted trend formula for chart analysis, GE scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

Market Club has a very interesting take on how GE is playing out after the past volume surge. The “Trade Triangles” paint the picture. CLICK HERE and just enter the ticker (GE) your name and e-mail address for the FREE No strings Attached Report sent realtime to your in-box!

FREE Trend Analysis for GE Heremagnifyingglass

+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending August 1st
+30 New 3 Month High in May
+100 Total Score

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