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General Electric has just had its best month ever.
GE dropped to $ 11.66 on Dec. 11, a trough of $ 6.66, a move that Newton said was "monumental," as the stock "hit a record low in 2009, in a clicks. " Although stocks have rebounded at this level, he does not see a significant positive base building. Before the Monday market, it was $ 10.26.
"Technically, the trend is down, so you use a first rally to sell and you are looking to buy some troughs," he said.
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