TECHNICAL ANALYSIS | November 20, 2018
Is the Worst Over?
General Electric (GE) has been in a painful downtrend for the last two years. In fact, its stock has fallen so sharply that on June 26, 2018, it was replaced by Walgreens (WBA) as a Dow component. That GE was an original member of the 30-company index and had been in the DOW continuously since 1907 only served to increase the significance of its decline. Now, a close at $7.99 on November 12, 2018 has some asking, is the worst over for this battered stock?
by Stella Osoba, CMT
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