GE Aerospace is a division of General Electric Company that specializes in providing advanced technology solutions for the aerospace industry. They offer a wide range of products and services, including aircraft engines, avionics systems, and maintenance, repair, and overhaul (MRO) services.
The stock of GE Aerospace (GE) is currently experiencing a strong rally, with significant upward momentum. However, it is important to note that the stock is currently retesting a significant level of overhead supply.
Traders and investors should closely monitor the stock's price movements and key technical levels, such as support and resistance, to gauge the stock's ability to break through the overhead supply. A successful breakout above this level could potentially signal further upside potential.
It is advisable to exercise caution and wait for confirmation of a sustained breakout before making any investment decisions related to GE Aerospace (GE).
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