April 29, 2020

Here’s Key General Electric Support After Underwhelming Profit Report

Here's Key General Electric Support After Underwhelming Profit Report


General Electric  (GE) – Get Report stock is essentially flat on Wednesday after the Boston industrial group reported earnings.

With the S&P 500 up more than 3% and the Russell 2000 jumping over 5%, GE’s underperformance is a bit disappointing. 

On the flip side, the stock isn’t moving lower, and to some extent, that should be considered a victory in itself.

However, General Electric isn’t out of the woods yet. The bulls need to see the stock pick up momentum or risk breaking below support.

General Electric is a holding in Jim Cramer’s Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells GE? Learn more now.





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