Below is the historical range of the Altimeter for General Electric (GE) from 1962 to the present. The green line represents the mean, which sits at the 143.5 level. If GE were to achieve the historical high of the range then the stock would be priced at $22.44. That would be a +37.84% increase to the all-time high of the longstanding range. Meanwhile, the downside risk, based on the Altimeter, is $11.76 or a decline of –27.76%. A declining stock price with a rising Altimeter is not a good sign.
