General Electric (GE) Offering Possible 33.17% Return Over the Next 21 Calendar Days

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General Electric’s most recent trend suggests a bearish bias. One trading opportunity on General Electric is a Bear Call Spread using a strike $99.50 short call and a strike $105.00 long call offers a potential 33.17% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.50 by expiration. The full premium credit of $1.37 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock rose above the $105.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for General Electric is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for General Electric is bearish.

The RSI indicator is at 39.18 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for General Electric

General Electric (GE) Outpaces Stock Market Gains: What You Should Know
Wed, 22 Sep 2021 21:45:09 +0000
General Electric (GE) closed at $98.54 in the latest trading session, marking a +1.78% move from the prior day.

France’s Le Maire welcomes EDF-GE talks over nuclear activities
Wed, 22 Sep 2021 11:45:44 +0000
French Finance Minister Bruno Le Maire said on Wednesday he welcomed the fact that French power group EDF and U.S. giant General Electric were in talks over a possible nuclear activities deal. EDF and GE said earlier they were in exploratory discussions over a potential transaction related to the nuclear activities of GE Steam Power without mentioning the valuation of a potential deal.

General Electric Stock Gains Amid Talks To Sell Nuclear Turbines Division To EdF
Wed, 22 Sep 2021 09:11:00 +0000
GE is is preliminary talks to sell its nuclear turbines business to Électricité de France for a reported $1.2 billion.

Is GE Stock A Buy After Q2 Earnings Beat?
Tue, 21 Sep 2021 19:24:28 +0000
GE’s turnaround is gaining traction as key businesses improve while the industrial giant continues to shrink its debt load.

GE Healthcare Introduces Revolution Ascend, a New CT System to Increase Operational Efficiency & Patient Comfort
Tue, 21 Sep 2021 17:29:00 +0000
CHICAGO, September 21, 2021–GE Healthcare’s new Revolution Ascend CT with Effortless Workflow increases operational efficiency & patient comfort

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