I like GE, yesterday the stock reached it 52wk high ( $25.75 )
There is a holding tedency of the stock :
Current 1MO AGO
Shares Held 6.24 B 6.31 B
Shares Bought 778.57M 798.57 M
Shares Sold 352.48M 413.21 M
There's a long term oportunity...
Strike= $24.50
option Cost= $.45 x 100 = $45 Per Contract
Investment Total= $1000
Number Of Options Contracts= $1000 / 45 = 22.22~ Contracts
Total Amount Invested= 22 Contracts x $45 Per Contract= $990
Trade Fee= $7.70
Total Cost= $990 + $6.95 + 16.50 = $1013.45
Number Of Shares Holding= 22 x 100= 2200 Total Shares
Total Price of Shares at Strike Price= $24.50 x...
Nice slow uptrend. My entry point would be at the yellow dot where the fib line and trendline meet. I believe the gap up today will correct itself. I would hold this stock for more than one month. Parabolic SAR has not given me a buy signal. The MA is not giving a bullish signal nor a bearish signal yet. Slowly but surely this stock will continue to rise.
**Typo, this is a chart of GE not JNJ**
Hammer formation and oversold in the stochastic. We want to see higher volume and a positive close to confirm bottom in trend channel. Stop loss is around $23.60
Dmi adx line appears to have little left to pick up accel to downside. Ge holding up considering overall market, however, unsure if there is enough support for this to continue.
Closed Friday aug 23 ~8:38 am. Losing accel to downside. Meager run of profit, but still profit
In all the dips since March 2009 an investment at-that-moment
would have yielded superior results in both total return and dividend
yield along the way.
This chart illustrates that.
