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June 29, 2023General Electric, Lincoln Electric Holdings, Inc., Union Pacific, among others, are the industrials stocks approaching important price targets.
A quick recap: Markets are mixed with Dow Jones goes up 0.64%, trading at 34,069. S&P 500 up to 4,388.17, gaining 0.26%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.
Buyers pushing GE towards its price target of $107.96; currently at $107.58
After closing at $107.05 yesterday, General Electric began today at $106.22 with significant bullish sentiment driving General Electric's price action higher. So far today, price action has drawn out a distinct $106.04 to $107.73 range. GE has gained $3.27 over the past 4 days, and today's session seems to be adding to the current uptrend.
The industrial giant now trading 14.93% above its 3-month low of $61.09. Currently, the industrial giant has a market capitalization of $117.29 billion with an average daily trading volume of 5.70 million shares. The S&P has been doing worse in 2022, it has been passing it by 13.34%. GE has a forecast of $13.36 billion with an EPS of 14 cents.
GE's recent run now faces a major challenge as concentrated supply is likely found at $107.96 with price action currently 38 cents away.
Buyers pushing GE towards its price target of $107.96; currently at $107.58
After closing at $107.05 yesterday, General Electric began today at $106.22 with significant bullish sentiment driving General Electric's price action higher. So far today, price action has drawn out a distinct $106.04 to $107.73 range. GE has gained $3.27 over the past 4 days, and today's session seems to be adding to the current uptrend.
The industrial giant now trading 14.93% above its 3-month low of $61.09. Currently, the industrial giant has a market capitalization of $117.29 billion with an average daily trading volume of 5.70 million shares. The S&P has been doing worse in 2022, it has been passing it by 13.34%. GE has a forecast of $13.36 billion with an EPS of 14 cents.
GE's recent run now faces a major challenge as concentrated supply is likely found at $107.96 with price action currently 38 cents away.
Buyers pushing GE towards its price target of $107.96; currently at $107.58
After closing at $107.05 yesterday, General Electric began today at $106.22 with significant bullish sentiment driving General Electric's price action higher. So far today, price action has drawn out a distinct $106.04 to $107.73 range. GE has gained $3.27 over the past 4 days, and today's session seems to be adding to the current uptrend.
The industrial giant now trading 14.93% above its 3-month low of $61.09. Currently, the industrial giant has a market capitalization of $117.29 billion with an average daily trading volume of 5.70 million shares. The S&P has been doing worse in 2022, it has been passing it by 13.34%. GE has a forecast of $13.36 billion with an EPS of 14 cents.
GE's recent run now faces a major challenge as concentrated supply is likely found at $107.96 with price action currently 38 cents away.
