Finally GE Shares Stay Above $15

General Electric (NYSE:GE) shares are trading above $15 for the second day, today GE's stock is up 2.4% to $15.71 it appears shares have finally hit a new resistance point.

Shares of GE since Sept 2nd are up 17% and holding steady on strong volume, pushing past 100 million shares on a daily basis since the start of the month.  Today General Electric shares are up 2% despite a downgrade from Hilliard Lyons from 'Buy' to 'Long-Term Buy', citing recent share appreciation. The firm said GE Finance appears to have stabilized, but a recovery could be slow at best.

As StreetInsider.com points out -- here is the difference between the ratings:
Buy - We believe the stock has significant total return potential in the coming 12 months. Long-term Buy - We believe the stock is an above average holding in its sector, and expect solid returns to be realized over a longer time frame than our Buy rated issues.

However yesterday, Goldman Sachs (NYSE:GS) reiterated their Buy rating and $18 price target ahead of the meeting, saying it could be a potential catalyst for longer-term investors. Goldman said the meeting can be a catalyst to refocus investor attention on the company's strong long-term organic growth prospects and core franchise in its industrial businesses.

Best of luck trading GE, it appears it has finally moved past the $15 bottom. 

Disclaimer: No positions in any of the securities mentioned in this publication.