NEW resistance will be created + Key financial ratios
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 even if financial ratios aren't very good compared to the industy P/E 17.50 Industry 19.20 Revenue Increase since March Mar 35.01B Jun 35.12B Dividends increased of 2cents this year, passed from 0.17 per share to 0.19 per share Ge has only a con it has high debt, Total debt to equity : 3.16 and Industry has 1.72. I see at as low medium risk stock, i expect better earnings next time, so i'm bullish.
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