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Swing Trade Idea (GE ) – April 25, 2023

Our bullish trade for Tuesday, April 25th is General Electric Company (GE). GE is part of the Industrials Sector, which has performed at 4.50% over the last month with GE overperforming relative to its sector at 9.35% over the same period.

GE is in a strong bullish trend and recently broke above a key level of $98 to $100. The price of this stock has rallied somewhat ahead of its earnings announcement later today. This indicates an expectation that the earning will be positive, which could drive this stock above its current level.

As a stop loss, if GE were to trade below $95 for multiple days, this would invalidate our analysis and we will consider cutting losses on the trade. We will also consider cutting losses on this options trade if the value of the vertical spread moves above $4.88.