The following is technical analysis of General Electric ( GE ) stock for April 13, 2009.GE Support & Resistance Levels - 4/13/09
Resistance Levels: $11.00, $11.35
Support Levels: $10.49, $10, $8.50, $8
http://stockcharts.com - Chart
GE stock continues to bounce off the 10 day moving average, this is a sign of great strength. Pullbacks to the 50 day moving average now become even more attractive. Since the 10 day is trading above the 50 day moving average, multiple closes below both moving averages for General Electric will result in more downside risk. This makes $10 a critical support level. The next major resistance level GE has to clear would be the February high of $12.53. A close above this level would set up a nice run back to $15. For More Technical Analysis - Go Here
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