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Barchart
Wajeeh Khan

Should You Chase the Rally in GE Vernova Stock Today?

GE Vernova GE GEV JPM JPMorgan

GE Vernova (GEV) shares rallied on Wednesday after the energy equipment manufacturer posted a strong Q1 and raised its guidance for the full year. 

As investors cheered a $4 billion pre-tax gain from the Prolec GE acquisition that drove earnings to $17.44 a share, GEV saw its 14-day RSI climb into the late 70s, signaling overbought conditions. 

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