Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
General Electric's stock fell in the intraday levels, as the pivotal resistance of 12.73 held on, coinciding with touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium and short terms, while a top starts to form in the Relative Strength Index.
Therefore we expect the stock to decline and targeting the support of 11.10, as long as the resistance of 12.73 holds on.
Expected trend for today: Bearish