General Electric GE stock technical analysis for July 19, 2010
Resistance levels: $15.62, $15.26, $14.90
Support levels:$14.34, $14.14, $13.78
General Electric Co closed under all day moving average which is bearish.Stock has bad earning news stock got hammers on Friday.Stock has nice support $12 area. After that GE has next resistance level is $16.50 which will be big resistance for next going forward.As long as General Electric stays above the $13.50 I like the stock in the short term. I feel GE can get back to $25-$30 toward the next 12 months. This is my one of the long term investment.
You want to find out more Technical Analysis -Go Here
Good Luck .. Trade Smart!
For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com/ or Subscribe for free.
