The following is technical analysis of General Electric ( GE ) stock for April 6, 2009.GE Support & Resistance Levels - 4/06/09
Resistance Levels: $11.00, $11.35
Support Levels: $10.49, $10, $8.50, $8
http://stockcharts.com - Chart
GE stock is stuck in a tight range between $10-$11. The good thing is General Electric continues to trade over both the 10 and 50 day moving average. I am watching resistance at $11 and $11.35 for sign of another move higher toward the $12.50 level. On the downside, $10 continues to hold on a closing basis. If GE closes back under $10 this will be your first sign of a possible breakdown. Things are looking better but we aren't totally out of the woods yet! For More Technical Analysis - Go Here
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