General Electric GE Stock Upgrade - September 2009

September 8, 2009 - Shares of General Electric Co. (GE) will be getting a nice bounce today after JP Morgan has upgraded the stock.

Price Target - $17

JP Morgan sees potential upside surprises and feels the risk reward at current levels is very attractive.

General Electric Co. (GE) has been fighting the 10 day moving average for several days last week but today the stock is set to open over this level. Keep an eye on the previous high of $14.88. When I see GE stock close over this level, I will jump in.

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General Electric GE Stock Upgraded - Goldman Sachs

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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