Industrials

Intermediate Trade: GE Real Money Pro($)

The trade tactic I prefer here is the synthetic call.
The manufacturing giant looks to Europe for the next phase of CEO Jeff Immelt's industrial overhaul.
Though the lighting company handily has beaten forecasts, its valuation may be entering territory where it's hard to sustain.
The charts suggest to me that prices can slip lower to retest the $28 area.
The daily chart shows the stock has made no upside progress in the past 12 months.
Traders should be on the defensive as the third quarter approaches.
Their sales serve as a guidepost for near-term demand and price movements for industrial goods.
This stock is in a downtrend.
The stock looks set for a bumpy ride. 
We would trade WRK from the long side, adding on strength.

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