General Electric (Weekly Chart)

General Electric | From once being an industrial behemoth of the world, the trajectory of the GE share price is reflective of a major economic and market crisis – except we are not experiencing a crisis. A review of the weekly chart sees very similar price action as was the case during the 2008/2009 market crash when it fell by 80% from September 2007 to February 2009. At current levels, the recovery appears very similar to when we saw the share price rebounded off depressed levels and cleared it’s 40-week moving average. The Relative Strength Index has also made a 3 1/2-year high, reflecting the strength of the current move. When do traders/investors buy this name? On a pullback to the 40-week moving average. Current price: $11.34 / 40-week MA: $9.86.