General Electric's most recent trend suggests a bullish bias. One trading opportunity on General Electric is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 5.49% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $21.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for General Electric is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for General Electric is bullish.
The RSI indicator is at 50.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for General Electric
[$$] GE Moves Further Away From Consumers With Sale of Appliances Unit
Tue, 09 Sep 2014 05:45:35 GMT
The Wall Street Journal – General Electric's deal to sell its appliance business to Electrolux for $3.3 billion is part of a shift driven by Chief Executive Jeff Immelt to focus the conglomerate on finance and industrial equipment….
[$$] GE Deal Won't Soak Whirlpool
Tue, 09 Sep 2014 05:45:04 GMT
The Wall Street Journal – GE's deal to sell its home-appliance business to Electrolux turns up the heat on Whirlpool, but it shouldn't put it through the wringer.
[$$] Electrolux to Buy GE Appliances Business for $3.3 Billion
Tue, 09 Sep 2014 05:43:37 GMT
The Wall Street Journal – Electrolux plans to buy General Electric's appliances business for $3.3 billion, in a deal that would put the Swedish group head-to-head with Whirlpool.
GE Lighting Seen Following Appliances in Consumer Exit
Tue, 09 Sep 2014 04:01:00 GMT
General Electric Company — Moody's: GE's $3.3 billion Sale of Appliances Business to Electrolux is Credit Positive
Tue, 09 Sep 2014 00:42:20 GMT
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