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Watch These GE Aerospace Price Levels as Stock Surges After Strong Earnings
GEGE(GE) Investopedia·2025-01-24 05:00

Core Insights - GE Aerospace shares surged following better-than-expected fourth-quarter results and an optimistic revenue outlook, anticipating low-double-digit adjusted revenue growth for 2025 after a 10% increase last year due to strong demand in commercial engines and defense segments [2][9] Financial Performance - The company reported a 10% revenue increase last year, driven by robust demand in its key segments [2] - GE Aerospace shares rose 6.6% to close at 200.80,witha20200.80, with a 20% gain in 2025 and nearly 50% increase since the separation from GE Vernova in April last year [3] Technical Analysis - The stock has been in a strong uptrend since reclaiming the 200-week moving average in late 2022, with a recent breakout from a flag pattern indicating a continuation of this upward movement [4][9] - A bullish target of around 335 is projected based on bars pattern analysis, suggesting the trend may continue until December this year [7][9] Support Levels - Key support levels to monitor during potential retracements include 170,whichalignswiththerising50weekmovingaverage,and170, which aligns with the rising 50-week moving average, and 150, where buying interest may emerge [8][9]