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The industrial space has seen its share of nice moves as of late. One could point to the move in WM now on a current 9 week winning streak. CTAS is now doing battle with the very round 300 number, after nearly doubling since the end of December 2018. FRTA is higher by more than 150% during the last one year period. Below is a well known name in GE, and how it appeared in our 1/15 Industrial Note, that is making good on its turnaround story. This name too has nearly doubled from lows made in December ’18. In a universe where peers like MMM are lower by 24% over the last one year period, and abroad in Germany SIEGY is off by 11% YTD (the latter has an ugly rounding top pattern), the advance in GE must be commended. If the XLI, which has acted well in recent years (posted gains of 18.9, 21 and 29.4% in 2016, 2017 and 2019 respectively) can continue its march higher, GE should continue to enjoy the ride. 

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