The following is technical analysis of General Electric ( GE ) stock for April 27, 2009GE Support & Resistance Levels - 4/27/09
Resistance Levels: $12.53, $12.73, $14-$16
Support Levels: $10.85, $9.78
http://stockcharts.com - Chart
General Electric has been trading in a very tight range lately with no major pullbacks. There is strong resistance in the mid to high $12 range and if GE stock can break into the $13's, there is a strong chance GE can run back to the $14-$16 range. On the downside, a break below $10.85 would be your first sign of weakness which could lead to bigger problems. $9.78 would then be a level that MUST hold or back down GE stock will go. Things seem to have finally turned around for General Electric! For More Technical Analysis - Go Here
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