Price action reveals General Electric, Lockheed Martin, Honeywell International as the stocks to watch as they near pivotal price targets in the near term.
A recap of Friday's session: Leading equity indices in the US rose as Dow Jones gained 2.47% and closed at 31,083. S&P 500 ended the session at 3,752.75 after a 2.37% gain.
What is a Price Target?
A price target is the projection of an asset's future price. The concepts of trading levels support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. These price rates, or targets, are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. Assets that are on a trend and are nearing one of their lines are selected for this article. Check out this rundown of industrials stocks and their price targets.
GE's Price target: $73.9 | Last close: $72.82 | Daily range: $69.75 – $72.89 | Off hours: $72.82
General Electric's recent run now faces a major challenge as concentrated supply is likely found at $73.9 with price action currently $1.08 away.
Maintaining its 9 days rise (+$5.97), Friday's session pointed in the same direction — pronounced bullish sentiment in the market helped GE to make a notable 4.07% gain Friday, rising $2.85 and ultimately closing at $72.82.
GE is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 0.5033 and the consensus revenue estimate is $18.55 billion.
GE's Price target: $73.9 | Last close: $72.82 | Daily range: $69.75 – $72.89 | Off hours: $72.82
General Electric's recent run now faces a major challenge as concentrated supply is likely found at $73.9 with price action currently $1.08 away.
Maintaining its 9 days rise (+$5.97), Friday's session pointed in the same direction — pronounced bullish sentiment in the market helped GE to make a notable 4.07% gain Friday, rising $2.85 and ultimately closing at $72.82.
GE is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 0.5033 and the consensus revenue estimate is $18.55 billion.
GE's Price target: $73.9 | Last close: $72.82 | Daily range: $69.75 – $72.89 | Off hours: $72.82
General Electric's recent run now faces a major challenge as concentrated supply is likely found at $73.9 with price action currently $1.08 away.
Maintaining its 9 days rise (+$5.97), Friday's session pointed in the same direction — pronounced bullish sentiment in the market helped GE to make a notable 4.07% gain Friday, rising $2.85 and ultimately closing at $72.82.
GE is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 0.5033 and the consensus revenue estimate is $18.55 billion.