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#1 out of 2
business1d ago
Citi Says Buy GE Aerospace, Market Cap Could Hit $1 Trillion
- GE stock rose as traders flagged a bullish move near the 50-day line, signaling potential upside.
- Analysts noted the chart pattern could sustain momentum if the stock stays above key support.
- Investors are watching GE's industrial and energy segments for demand and supply dynamics.
- The move comes as traders look for a constructive base formation to extend gains.
- Market participants remain cautious, awaiting confirmation above important moving averages.
- GE's stock activity reflects renewed optimism about potential upside.
- The chart setup indicates momentum if the stock holds above support levels.
- Investors weigh GE's long-term prospects amid sector-wide demand recovery signals.
- Traders will monitor whether the stock can stay above the 50-day moving average.
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