Can GE Reverse its 8-Day Losing Streak?

Nov.13.07 | About: General Electric (GE)

General Electric (NYSE:GE) has now been down 8 days in a row. This is the fifth time this has happened to the stock since 1980. While some might think the stock is due for a quick reversal, chances for a gain tomorrow are 50/50 based on what it has done in the past. Back in '85, the stock went down 11 days in a row, and in '88 it went down 9 consecutive days. However, things should turn positive a week from now. Of the four prior 8-day losing streaks, GE has been flat or up over the next 5 trading days.