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General Electric Co (GE) Down 0.6%; Price Base in Formation Over Past 90 Days

General Electric Co Daily Price Recap

The back and forth price flow continues for General Electric Co, which started today off at 6.59 US dollars, down 0.6% ($0.04) from yesterday. The change in price came along side change in volume that was down 32.48% from previous day, but up 37.5% from the Tuesday of last week. The daily price chart of General Electric Co below illustrates.

GE

General Electric Co Technical Analysis

Notably, General Electric Co is now close to its 50 and 100 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GE:

    $GE Aug 25
    – Daily stock market timing forecast –
    ◆ Investing view
    => Neutral – Bearish
    ◆ Search for the daily stock market timing forecast
    http://www.google.com/search?q=pretiming
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 6.33 ~ 6.83
    % Change: -3.97% ~ 3.72%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => In the midst of a rebounding trend of upward direction box pattern price flow marked by limited falls and upward fluctuations.

    – Timing_Forecast

The post General Electric Co (GE) Down 0.6%; Price Base in Formation Over Past 90 Days appeared first on CFDTrading.



This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here

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General Electric Co (GE) Down 0.6%; Price Base in Formation Over Past 90 Days

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