GE Aerospace sheds 4.8%, bounces off a double bottom
GE Aerospace sheds 4.8%, bounces off a double bottom with earnings days away
GE Aerospace sheds 4.8%, bounces off a double bottom
Our view last week
GE Aerospace is in week 5 of a buy signal and up 16.6% since entry. The stop has already moved to breakeven, so the position's risk is zeroed out. Signal strength has slipped to 47 out of 100, a medium-weak reading that calls for discipline over chasing the move: just one week remains before the first active-management window.
This week's summary
GE Aerospace shares fell 4.8% this week, but the session that carved out a double bottom in the 315 area has already recovered 5%: the weekly picture stays bullish, though three warnings show up — buyers retreating, sellers dominant on the last bar, and volume contracting. The trade is in week 6, up 10.97%, with the first management window just reached. And earnings land this very week, on July 16: volatility could rise.
IQS Phase
61
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#66 / 129
US stocks in progress
Trade P&L %
+10.97%
from signal to today
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