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Friday, April 16, 2010

General Electric GE Stock Nears $20 on Earnings

By Tim - http://stockstobuy.org

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for April 16, 2010

General Electric Co. Support & Resistance Levels - 4/16/10

Resistance Levels: $20, $20.29, $22

Support Levels: $18.76, $18



http://stockcharts.com - Chart

General Electric Co. (GE) just reported better then expected earnings this morning and is trading at $19.75, up 2.1%. General Electric stock has resistance located at $20 as well as $20.29. If these two prices are closed above, I feel the stock will grind even higher and make It's way to $22. Pullbacks below $19, which should be short lived if they happen, are a strong buy.

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