GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for July 8, 2009General Electric Co. Support & Resistance Levels - 7/8/09
Resistance Levels: $11.50, $12
Support Levels: $10.50, $10, $9.18
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General Electric Company (NYSE:GE) continues to go down with the overall stock market and the fact that the stock is technically weak. GE stock is approaching a few key support levels that should stop the recent stock slide and possibly produce a bounce. There is minor support at around $10.50 but the major support will be at the $10 level. If GE breaks through $10, look for a quick fall back to the low $9's. I would only be a buyer of GE shares when they close back above the 10 day moving average currently located at $11.50 but has been falling about $0.10 per trading day. If you look at the RSI reading, GE stock is very oversold. For More Technical Analysis - Go Here
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