Follow the bouncing stock price may be one way to size up struggling General Electric  (GE) . 

Shares popped 2% Monday amid a bullish analyst note out of William Blair. GE's stock price performance the past year before this upbeat note: -52%

Perhaps analyst Nicholas Heymann is the eternal optimist: he sees the stock exploding to the $20-to-$22 range, due to an upswing in oil prices, solid aviation and healthcare division results and the addition of three new directors. 

Yet, Heymann may be wearing blinders, too, as this legacy company is fighting off the SEC and may need to raise cash. Buyer beware.

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