I don’t have any positions in $GE right now, but I’m sure its contained in one or more of my mutual funds in my 410k account. I’m always interested in buying assets that outperform the S&P500 or some other relative benchmark.
From the chart, it looks like GE is currently above its 20, 50, and 200DMA, but its looking range bound. There’s a lot of volatility in the markets lately and a lot of stocks are wondering which way to go. Only time will tell how our positions and strategies will evolves as we move closer to September and October.
Relatively speaking, it’s actually underperforming the S&P500 this very moment so I wouldn’t touch it right now.
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