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Saturday, October 17, 2009

General Electric GE Stock Technical Analysis

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for October 19, 2009

General Electric Co. Support & Resistance Levels - 10/19/09

Resistance Levels: $16.87, $17.52

Support Levels: $15.85, $15.15, $14.79


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General Electric Co. (GE) closed back below the 10 day moving average on Friday so I would be avoiding the stock short term unless we see a close back over this level. Support is located between $15.85-$16 but if this fails, look for the recent low of $15.15 to be retested. I would be a buyer between $14.79-$15.15. On the upside, look for GE to attract buyers when the stock breaks $16.87. For More Technical Analysis - Go Here

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