Time to Salute General Electric?
General Electric is still the largest U.S. conglomerate. Although lately the stock price has faltered a bit it still warrants a look. During the past month the stock fell about 1% as this hourly trading chart provided by Barchart shows:
But over the last six months while the market as measured by the Value Line Index is down about 3% while General Electric is up over 4%:
General Electric operates in six main divisions: energy and infrastructure, including equipment for wind turbines, gas and oil production and nuclear power; aviation parts and systems; health care, including medical devices manufacturing and disease and drug research; transportation, providing drive technology to many industries; home and business solutions, providing appliances, lighting and plant automations; and financial services through its GE Capital unit.
The company was founded in 1892 and is headquartered in Fairfield, Conn.
Barchart technical indicators: