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Wednesday, May 19, 2010

General Electric Corp GE Stock Analysis May 2010

By Tim - http://stockstobuy.org

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for May 19, 2010

General Electric Co. Support & Resistance Levels - 5/19/10

Resistance Levels: $17.62, $17.85, $18.30

Support Levels: $16.93, $16.82, $16.13

http://stockcharts.com - Chart

General Electric Co. (GE) continues the recent downtrend below the 10 day moving average. When General Electric closes back above the 10 day and holds it for a few days, I think we will see a recovery. In the meantime, if you are looking for an entry point, look to get in on a panic drop back to the 200 day moving average ( around $16.13 ).

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