During Wednesday's Mad Money program Jim Cramer talked about General Electric Co. (GE) being a mixed story that may not play until 2021. Let's take a look at some charts, both near-term and longer-term, to see what parameters we may need to be prepared for in holding GE for a year or more.
In the daily bar chart of GE, below, we can see that the stock made a low in August and rallied nicely into February. Prices started a sharp decline in February that lasted into March breaking the August lows. GE held around the $6.00 area and managed to bounce up above $8 briefly before gravity brought the stock back to the $6 area again.
Trading volume has been pretty heavy the past two months and the On-Balance-Volume (OBV) has made new lows for the move down from late November. The Moving Average Convergence Divergence (MACD) oscillator crossed to the upside in late March for a cover shorts signal but it is a long way from an outright buy.