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Wednesday, January 6, 2010

General Electric GE Stock Analysis 2010

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for January 6, 2010

General Electric Co. Support & Resistance Levels - 1/6/10

Resistance Levels: $16.38, $16.76, $17.41

Support Levels: $15


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General Electric Co. (GE) has closed above the 10 & 50 day moving averages for 2 straight days which is very bullish. The stock will hit resistance at $16 as well as $16.38 but if it can close above $16.76, I feel it could run to new highs.

On the downside, a break below $15 would be bearish and I'd be avoiding the stock in the short term.

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