July 30, 2009 - Shares of General Electric Company (NYSE:GE) are surging more then 6% this morning to $13.07 as Goldman Sachs has upgraded the stock. GE stock has been added to the conviction buy list.
I am watching out for the next resistance level which is located at $14.43. If this level is broken, GE shares can trading well over $15.
Goldman upgraded General Electric citing reports that US House Financial Services Chairman Barney Frank has indicated regulatory reform will not require a separation of GE Capital. Goldman slaps a Target to $15 per share from $13 per share.
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