General Electric GE Stock Analysis 12/28/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for December 28, 2009

General Electric Co. Support & Resistance Levels - 12/28/09

Resistance Levels: $16.36, $16.76, $17.41

Support Levels: $15.15, $15,

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General Electric Co. (GE) currently trades below both the 10 & 50 day moving averages. I would be avoiding the stock in the short term because of this be when the stock closes over $16.38, I be a buyer. I will also be a buyer then GE can closes over the October 2009 high of $16.76.

Long term, I am a big fan of GE with a 2010 price target if $22.

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