On The Contrary

Here’s a long idea which is a pretty odd one, even for me, but I’ll offer it up anyway: General Electric (GE). First, take a very long-term view of this battered critter. Pay particular attention to the fact that it seems to have found some support on that lowest trendline, which it briefly broke.

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Looking closer, you can observe how it has hammered out a small bullish base and has successfully tested its breakout two times. As long as it can hold above $9, this looks intriguing.

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Using the expanded Summary page from SlopeCharts, you can see how the devil himself offered up the same “Buy” signal as was offered on the entire S&P 500 back in March 2009.

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As icing on the cake, for the moment anyway, it pays a handsome dividend.

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