General Electric's $1.45 billion cash acquisition of advanced surgical imaging company BK Medical announced last week would have been something out of the ordinary for GE a decade ago. These days, however, it's much more important. This deal is CEO Larry Culp's biggest acquisition, a leader noted for his ability to acquire businesses, and it should give shareholders certainty in the company's future
Our Analysis:
As long as the price is above 102.50, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 106.02
- Take Profit 1: 106.90
- Take Profit 2: 109.40
Alternative scenario:
If the level of 102.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 102.50
- Take Profit 1: 92.50
- Take Profit 2: 89.90
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