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JimVanMeerten (56.74)

GE may be a buy



August 11, 2011 – Comments (0) | RELATED TICKERS: GE

General Electric  (GE) is a conglomerate that is so big that it almost mimics the overall economy.  With a split of 47%  US and 53% overseas revenue it mimics the work-wide economy.  You could buy ETFs to mimic the world wide economy, buy a mutual fund that will pick and chose stocks from a world-wide universe or buy put all your eggs in one basket and buy GE with stop losses in place if the economy collapses.

Barchart technical indicators:

1 - 66% Barchart technical sell signals

2 - Trend Spotter technical Hold signal

3 - Below its 20, 50 and 100 day moving averages

4 - 14.15% off its recent high

5 - Relative Strength Index 42.62% buy still falling

6 - Trading around 18.39 which is below its 50 day moving average of 18.75

7 - Support level presently at 17.90

Jim Van Meerten is a Marketocracy Master

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