General Electric GE Stock Analysis 10/26/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for October 26, 2009

General Electric Co. Support & Resistance Levels - 10/26/09

Resistance Levels: $15.99, $16.87

Support Levels: $15.15, $14.79, $14.41

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General Electric Co. (GE) closed below the 50 day moving average ($15.30 ) on Friday which is bearish for the short term but is creating a good buying opportunity for the long term. I am watching $15.15, a close below this price would be cause for concern and I'd look to buy between $14.41-$14.79. If this price area isn't met, I would also be a buyer when GE closes back over the 10 day moving average ( currently $15.99). This would be a sign of strength. For More Technical Analysis - Go Here

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