General Electric GE Stock Analysis 11/2/09

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for November 2, 2009

General Electric Co. Support & Resistance Levels - 11/2/09

Resistance Levels: $15.40, $16.87

Support Levels: $14, $13.70, $12.95

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General Electric Co. (GE) continues to break lower after closing under the 50 day moving average last week. The 10 day moving average has also broken below the 50 day which is bearish for the short term. These two moving averages will now be resistance on the upside. Support is located between $13.70-$14. I plan to start a new long position when GE closes back over $15.40. For More Technical Analysis - Go Here

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