The shares of General Electric (NYSE: GE) roared back on Friday, hitting $25.1 at the end of a trading session characterized by significantly higher volumes. It was one of those rare occasions we have witnessed since the announcement that Jeff Immelt would step down.
On Thursday, too, volumes rose significantly as news of possible job cuts emerged -- as traders know, these trends are surely encouraging for those holding stock on a short-term basis.
(Source: Yahoo Finance)
"The feeling you might have missed the train is real, given recent support for the stock," my dad told me over the weekend.
