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Saturday, May 16, 2009

GE Stock Analysis 5/18/09 May 18, 2009

The following is technical analysis of General Electric ( GE ) stock for May 18, 2009

General Electric Co. Support & Resistance Levels - 5/18/09

Resistance Levels: $12.53, $12.73, $14-$16

Support Levels: $10.85, $9.78



GE stock is retracing back to support around $12 from its recent high of $14.55. I would be buying General Electric on pullbacks to the 50 day moving average ( currently at $11.30 ) or around $10 per share but not up in the $14-$15 range. On thing that would change this view would be a close over the long term trend at the 200 day moving average. All in all, GE stock made a long term bottom at $5.73 and the run back to $14.55 confirms this. For More Technical Analysis - Go Here

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