General Electric (GE) NewsBite - GE Could Be On the Move

Posted: Monday, November 16, 2009 10:53 AM EDT
By: Market Intelligence Center Staff





General Electric (GE) could be on the move today and is now at $15.93, up $0.32 (2.02%) on volume of 11,723,677 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.73 to a high of $19.30. GE was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw111609 . General Electric stock has been showing support around $15.43 and resistance in the $15.91 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 bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]



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http://www.marketintelligencecenter.com/newsbites/1331236


Hedged Trade Ideas For GE:

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