The following is technical analysis of General Electric ( GE ) stock for March 30, 2009.GE Support & Resistance Levels - 3/30/09
Resistance Levels: $11.00, $11.35
Support Levels: $10.36, $10, $8.50, $8
http://stockcharts.com - Chart
General Electric is trading above both key moving averages, the 10 & 50 day moving averages. The rally seems to be fizzling out so I will be watching the support range between $10.36 and $10.00 very closely. I strongly believe that if this rally is for real, GE stock will stay above $10. A close below $10 will take GE back to the $8.00-$8.50 area. On the upside, the $11 - $11.35 area will offer resistance, a close over $11.35 will extend this rally even further. After $11.35, the next major resistance level is $12.53 For More Technical Analysis - Go Here
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