GE Shares Moving Higher as Fast Money Discusses Recent Run-Up

Shares of General Electric (NYSE: GE) are seeing modest upside in this evening's after-hours session as the traders on CNBC's Fast Money just discussed the stock. Closing at $12.32, GE shares most recently traded at $12.39, up about a half percent from the bell.

A guest who happened to be a technical analyst took a look at the GE chart, saying that he has a $16 upside target on the stock, and a $10.50 stop loss. According to the technician, shares of GE have lagged the S&P recently, and he feels this spread should be made up soon. Playing to the other side of the trade, one Fast Money trader questioned whether the stock is really lagging, consider it went from around $10.50 in mid-July to over $12 recently. He said he did like the stock, but on a fundamental basis, rather than on a near-term technical basis.

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