General Electric faces downward trend line - Analysis - 11-07-2018

2018-07-11 13:18:35 GMT (Economies.com)
General Electric faces downward trend line - Analysis - 11-07-2018
 

General Electric's stock (GE) rose in the intraday levels, scoring a fresh profit of 1.58% in the last session, or 0.22 points, while the Relative Strength Index reached extremely overbought levels, touching thereafter the resistance of the 50-day SMA, coinciding with testing the downward short-term trend line. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 12.73, as long as the resistance of 14.03 holds on.  

 
 
 
  Symbol Last Change Chg.%
1.1689
0.0058
0.5025%
1.3189
0.0119
0.9101%
14.191
0.124
0.885%
71.060
2.072
3.004%
79.46
0.06
0.08%
1201.690
7.915
0.663%
 
 
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