div > div.group > p:first-child"> Positive momentum in GE's chart suggests that shares could rise 60% to 80% from current levels, technical analyst Mark Newton said Wednesday on CNBC's "Trading Nation.""It's been an impressive rise off the lows," said Newton, founder and president of consulting firm Newton Advisors, pointing to a long-term chart of GE.
"All this is constructive, in my opinion," Newton said."Short term, people will look at charts of GE and say it's bearish, and I don't disagree with that." "I do think that its stock can get up to $16 to $18, so I am an intermediate-term bull on this stock purely based on the momentum," he said."But near term, it does have some work to do."
"This is just a long-term turnaround play," he said in the same Wednesday interview."Bulls will make the argument that the combination of the health-care unit and the aviation unit combined is worth more than the current market cap of the entire company. That's fine, but the problem is the company's debt load. I mean, you're looking at a 200% debt-to-equity."
very very doubtful!!! will see 5 before 15
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