General Electric GE Stock Analysis 10/29/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for October 29, 2009

General Electric Co. Support & Resistance Levels - 10/29/09

Resistance Levels: $15.15, $15.37, $16.87

Support Levels: $14.41, $14.35, $13.60, $12.95

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General Electric Co. (GE) closed right above the $14.41 high from August. This pullback represents a solid buying opportunity in my opinion. The only concern I have is that the 10 day moving average is getting ready to break down through the 50 day moving average. Technically, this is usually bearish however, I think GE could see a $1.00 bounce back up to these moving averages at least. For a more longer term approach, wait for GE stock to close back over the 50 day moving average....this would be a clear buy signal. For More Technical Analysis - Go Here

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