General Electric GE stock technical analysis for August 04, 2010
Resistance levels: $16.68, $16.58, $16.49
Support levels:$16.33, $16.26, $16.17
General Electric Co closed over all day moving average which is bullish.Stock has bad earning news stock got hammers on Friday.Stock has nice support $12 area. After that GE has next resistance level is $17 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.
