General Electric (NYSE:GE)

General Electric is a diversified business on its own, with branches in the aerospace, banking, media, health, and energy sectors. The chart below shows the classic buy pattern that GE has formed. The stock just recently broke though $14.75 which was a point of high resistance. It broke through on high volume as indicated below, which signifies that the upward move will continue. Fundamentally, GE’s earnings rely heavily on an improving economy. The stock price is very far off of its high, unlike GE’s peers in the financial sector. In the coming year GE could double.