GE Shipping was part of
Momentum trade earlier but post recent breakout – there’s additional
reason to bring the stock back to Momentum pack.
HAD RECOMMENDED TO BUY AT 275 ON OCT 21 TODAY STOCK HIT 311 NOW STOCK LOOKS MORE ATTRACTIVE
HERE WAS OUR RECOMMENDATION ON OCT 21 ST
http://trendzofmarket.blogspot.in/2013/10/is-ge-shipping-getting-ready-for-big-40.html
NOW LETS TAKE A REVIEW ON HOW STOCK IS POISED TO DO IN TIMES TO COME
Here’s the Chart
As you can see in the chart above: GE Shipping struggled below 300 on weekly chart for more than 2 years. Today stock made a huge jump of 6% and closed at 311 – breaking out above 300. On a weekly basis, one can assume that gains will sustain and stock will close much above 300-305 this week confirming the breakout. If that happens: it will set the stock up for major gains in weeks and months to come.
The stock looks like a good buy at cmp of 306. One should look to exit/stop loss if stock closes below 295 this week.
HAD RECOMMENDED TO BUY AT 275 ON OCT 21 TODAY STOCK HIT 311 NOW STOCK LOOKS MORE ATTRACTIVE
HERE WAS OUR RECOMMENDATION ON OCT 21 ST
http://trendzofmarket.blogspot.in/2013/10/is-ge-shipping-getting-ready-for-big-40.html
NOW LETS TAKE A REVIEW ON HOW STOCK IS POISED TO DO IN TIMES TO COME
Here’s the Chart
As you can see in the chart above: GE Shipping struggled below 300 on weekly chart for more than 2 years. Today stock made a huge jump of 6% and closed at 311 – breaking out above 300. On a weekly basis, one can assume that gains will sustain and stock will close much above 300-305 this week confirming the breakout. If that happens: it will set the stock up for major gains in weeks and months to come.
The stock looks like a good buy at cmp of 306. One should look to exit/stop loss if stock closes below 295 this week.
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