Recently GE shares went after the announcements they made to improve their business - this resulted in a +10% move in a matter of days - the stock has cooled off a bit from the recent highs.
This may be a new trend - magnitude of the move certainly speaks of large institutional demand for its stock.
I believe there could be upside to especially given that the move up blew past key areas and expect short covering to take place if prices return to these levels.
This may be a new trend - magnitude of the move certainly speaks of large institutional demand for its stock.
I believe there could be upside to especially given that the move up blew past key areas and expect short covering to take place if prices return to these levels.