The following is technical analysis of General Electric ( GE ) stock for May 18, 2009General Electric Co. Support & Resistance Levels - 5/18/09
Resistance Levels: $12.53, $12.73, $14-$16
Support Levels: $10.85, $9.78
http://stockcharts.com - Chart
GE stock is retracing back to support around $12 from its recent high of $14.55. I would be buying General Electric on pullbacks to the 50 day moving average ( currently at $11.30 ) or around $10 per share but not up in the $14-$15 range. On thing that would change this view would be a close over the long term trend at the 200 day moving average. All in all, GE stock made a long term bottom at $5.73 and the run back to $14.55 confirms this. For More Technical Analysis - Go Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free