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 rallied alongside the upward short-term trend line, settling above the resistance of 11.81 and marking a hefty profit of 3.86%, amid positive support from the 50-day SMA, countered by negative signals from the RSI.
Therefore we expect more gains for the stock, targeting the resistance of 12.90.
Expected trend for today: Bullish