“GE Aerospace Cruises At A 15-Year High — Is GE Stock A Buy?”
May 10, 2024
“…The “new GE,” GE Aerospace, is far extended from a 132.50 buy point off a three-weeks-tight pattern. That means shares are not within buy range. The stock is up 80% from a November 2023 breakout past a flat-base entry, according to MarketSurge pattern recognition.
The new aerospace stock coasted near a 52-week high May 8, at its best level since April 2008. GE’s stock price crashed during the 2008-09 financial crisis. The relative strength line for GE stock continues to trend higher, but remains below all-time highs. The RS line, the blue line in IBD charts, tracks a stock’s progress vs. the S&P 500.
Year to date, the new aerospace stock has soared 67%. It has more than doubled in the past year, up about 111%…”
https://www.investors.com/news/ge-stock-buy-2024-ge-aerospace-launch/?src=A00220