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Tuesday, November 24, 2009

General Electric GE Stock Analysis - 11/24/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for November 24, 2009

General Electric Co. Support & Resistance Levels - 11/24/09

Resistance Levels: $16.19, $16.87, $17.52

Support Levels: $15.85, $15.00, $14.15


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General Electric Co. (GE) closed above the 10 & 50 day moving averages on Monday, a very bullish sign! JP Morgan is out with some bullish comments today and reiterate their overweight rating on the stock. Price Target is $17

In my opinion, If GE closes back over $17.52, I would expect a retest of $20 to follow.

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