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Tuesday, July 20, 2010

General Electric Corp GE Stock Analysis July 2010

By Tim - http://stockstobuy.org

GE Stock Chart - The following is technical analysis of General Electric ( GE ) stock for July 20, 2010

General Electric Co. Support & Resistance Levels - 7/20/10

Resistance Levels: $15.35, $16.45, $16.58

Support Levels: $13.75, $12.71, $12.19

http://stockcharts.com - Chart

General Electric Co. (GE) closed back below all three major moving averages on on Monday and is trading at $14.50 this morning. General Electric actually had decent earnings so the stock is getting beat up like the other stocks such as BAC. Support is located in the high $13's but if General Electric starts to drop below $13.50, I think it can fall into the $12's. This would be a strong buy for the long term.
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