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Saturday, August 15, 2009

General Electric GE Stock Analysis August 2009

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for August 17, 2009

General Electric Co. Support & Resistance Levels - 8/17/09

Resistance Levels: $14.15, $14.88, $15

Support Levels: $13.60, $12.85, $12.51


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GE stock has made a huge run after bottoming out at $10.50 but closed below the 10 day moving average on Friday. This could set up a retest of the 200 day moving average which I'd be a strong buyer of. Anything under $13 at this point is a strong buy. On the upside, resistance is clearly in the mid to high $14's so a close above $15 would be very bullish and i'd be a buyer.

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