Traders Expect Upside in GE (GE), Buy While Shares are Down

January 3, 2013 11:29 AM EST
General Electric (NYSE: GE) shares are lower on the session, but some are taking the move as a buying opportunity.

Market data has money flow positive $67.65 million Thursday morning, with an uptick-to-downtick ratio at 3.51 times. The number indicates more buyers when GE ticks higher versus those moving in on a low move.

It was earlier reported that a large 2 million block crossed at $21.28. Click here for more color.

Shares of GE are down 0.5 percent on the session.

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