General Electric (GE) Offering Possible 13.38% Return Over the Next 9 Calendar Days

General Electric's most recent trend suggests a bearish bias. One trading opportunity on General Electric is a Bear Call Spread using a strike $98.00 short call and a strike $103.00 long call offers a potential 13.38% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $103.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for General Electric is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for General Electric is bearish.

The RSI indicator is at 30.45 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for General Electric

Twitter made this shareholder-friendly move after Jack Dorsey resigned as CEO. Here’s why it just might work.
Tue, 07 Dec 2021 01:48:00 +0000
Twitter (TWTR) investors may be making a mistake by reacting so negatively to Jack Dorsey’s resignation as CEO and his being replaced by a relatively unknown company insider — Parag Agrawal. Barron’s quoted a money manager as attributing this lagging performance to “disappointment from Wall Street that an internal successor was chosen” instead of a high-profile outsider. My suggestion to Wall Street: Read academic research about the importance of the CEO for an organization’s long-term success.

GE Aviation joint venture signs billions in deals
Mon, 06 Dec 2021 17:31:16 +0000
An aircraft engine firm made up by GE Aviation and a French manufacturer just signed billions of dollars worth of deals with major airlines.

GE Digital Achieves #2 Position in Guidehouse Insights Leaderboard: AI Vendors for DER Integration
Thu, 02 Dec 2021 16:00:00 +0000
SAN RAMON, Calif., December 02, 2021–GE Digital Achieves #2 Position in Guidehouse Insights Leaderboard: AI Vendors for DER Integration

Here’s Why Vulcan Value Partners Sold its General Electric (GE) Shares
Thu, 02 Dec 2021 13:28:30 +0000
Vulcan Value Partners, an investment management firm, published its “Large Cap, Small Cap, Focus Composite, Focus Plus Composite, and All Cap Composite” third quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 0.1% net return for the third quarter of 2021, 11.8% for the Small […]

Companies Owned (And No Longer Owned) by GE
Wed, 01 Dec 2021 21:00:21 +0000
Healthcare, power, aviation, appliances, and plastics are businesses owned, or no longer owned, by GE. GE now plans to split into 3 separate companies.

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