economy
General Electric is in the throes of a major reversal lower, says Carter Worth
GE's fortunes have reversed of late.
TL;DR
- General Electric stock has had a massive 833% run since July 2022.
- The stock is now reversing lower, underperforming the S&P 500, its industry group (Aerospace), and its sector (Industrials).
- Technical indicators, including trading below its 150-day moving average which is poised to turn downwards, signal a "Bullish-to-Bearish" reversal.