GE Long

While triangles have a higher statistical likelihood of providing consolidation prior to a continuation, it would appear there is an opportunity for a reversal with GE (or a continuation). GE is consolidating within the triangle as it has been doing for some time. The bands are constricting which helps our options pricing and provides a nice directional and timing confirmation for the triangle breakout. Following the breakout look for GE to establish a trend for a longer term.