General Electric (GE) NewsBite - GE Could Be On the Move
Posted: Thursday, October 22, 2009 10:38 AM EDT
By: Market Intelligence Center Staff
General Electric (GE) could be on the move today and is now at $15.31, down $0.22 (-1.42%) on volume of 11,643,079 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.73 to a high of $21.04. GE was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la102209 . General Electric stock has been showing support around $15.21 and resistance in the $16.11 range. Technical indicators for the stock are neutral and S&P gives GE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on GE the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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