Summary
General Electric has been range bound. Is now the time to buy?
The latest General Electric news is discussed.
We also review recent trade activities as well as a possible new trade.
Source: GE
Summary
It has been a tough year for General Electric (GE) shareholders, especially ones that bought the stock for its solid history of paying a dividend (currently at 3.7%). The stock is down more than 47% in the last 52 weeks and off from its two-year high of just over 31. Shares are down almost 60% since the beginning of 2017. However, the stock has been fairly stable over the last six months, staying in the $12-15 range. There does seem to be a bottom forming, at least technically. We will explore this further in light of recent news.
We will take a look at recent news and the technicals to determine if now is a time to enter a GE trade.
