NYSE:GE reported earnings yesterday and had a minor gap up to the high of the sideways range with some selling for profit toward the end of the day. This company is reinventing. Momentum Runs have developed out of Dark Pool Buy zones for swing trading since the last time it was mentioned.
This old company struggled to reinvent after the banking debacle destroyed its consumer financing division. Older companies CAN reinvent and start a new life. I'm showing the Weekly Chart first so you can see the support zone below and the strong resistance above, where the stock may head sideways for a time. Around $67 is the high of a completed short-term...
DOW returned to the listed companies, and it is completing its new IPO bottoming formation with a strong Uptrend.