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Wednesday, December 2, 2009

General Electric GE Stock Analysis 12/3/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for December 3, 2009

General Electric Co. Support & Resistance Levels - 12/3/09

Resistance Levels: $16.50, $16.87, $17.52

Support Levels: $15.79, $15.30, $14.15



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General Electric Co. (GE) traded in a narrow range Wednesday but still continues the recent uptrend. A break above Tuesday's high of $16.35 would be bullish and I would expect a retest of the October $16.87 high. If GE can clear this level on a closing basis, it would set up a retest of the Sept 2009 high of $17.52. The BAC news afterhours will help GE stock on Thursday.

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