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Saturday, March 20, 2010

General Electric GE Stock Technical Analysis

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for March 22, 2010

General Electric Co. Support & Resistance Levels - 3/22/10

Resistance Levels: $18.40, $19.50, $20.29

Support Levels: $17.07, $16.72




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General Electric Co. (GE) recently topped out at $18.40 and is looking overbought in the short term. I could easily see General Electric pulling back to the 10 day moving average which would be met with heavy buying pressure. At the very least, I think the stock will pause here after the huge move. The next major resistance level is located at $19.50 as well as $20.
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