Should You Consider General Electric?

With shares of General Electric (NYSE:GE) trading around $23, is GE an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

General Electric is a global diversified technology and financial services company. The products and services of the company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric is a diversified worldwide giant that is poised to continue its dominance in the fields it is involved in.

T = Technicals on the Stock Chart are Strong

Much like most stocks, General Electric saw a significant decline during the Financial Crisis. Since then, the stock has recovered but it has yet to see pre-crisis price levels. The stock has been displaying an uptrend so look for this to remain in tact. Key simple moving averages can provide insight into the trend and strength of the trend. What are the key moving averages? The 50-day, 100-day, and 200-day simple moving averages. General Electric is trading above all of its rising key averages which is telling us that the stock is in a strong uptrend…