Don't Miss General Electric Stock's Next Ride Higher

GE boasts an impressive 104.1% year-over-year lead

Digital Content Manager
Jun 21, 2023 at 2:36 PM
facebook X logo linkedin


General Electric Co (NYSE:GE) stock has been chopping higher on the charts, last seen up 0.5% at $104.58. The security boasts an impressive 104.1% year-over-year lead, and scored a June 16, five-year high of $108.90. Investors that missed this last rally could soon have another opportunity to ride GE's next move higher, as it is now trading within striking distance of a trendline with historically bullish implications. 

According to Schaeffer's Senior Quantitative Analyst Rocky White, General Electric stock is currently within one standard deviation of its 40-day moving average. Over the past three years, shares have seen three similar signals, and were positive one month later 67% of the time, averaging a 3.5% pop. A move of comparable magnitude would put GE back above $108.

GE 40 Day

Now looks like an ideal time to bet on General Electric stock's next move higher, as it boasts affordably priced premiums. More specifically, the security's Schaeffer's Volatility Index (SVI) of 26% ranks at the extremely low 12th percentile of readings from the past year.

It's worth noting GE's Schaeffer's Volatility Scorecard (SVS) sits at 80 out of 100. In other words, the equity has generally exceeded options traders' volatility expectations over the past 12 months.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI