General Electric Co (GE) Down 0.28%, Crosses 100 Day Moving Average; Pin Bar Pattern Appearing on Chart

General Electric Co 4 Hour Price Update

Updated July 24, 2020 04:37 PM GMT (12:37 PM EST)

In the past four hours of today’s trading session, GE’s price is down $-0.15 (-2.13%). For context, General Electric Co’s peers in the in the Electrical Equipment industry are down -0.52% on average in this time, while its counterparts in the broader Industrials sector are down by an average of -0.82%.

General Electric Co Daily Price Recap

The back and forth price flow continues for General Electric Co, which started today off at 7.04 US dollars, down 0.28% ($0.02) from the previous day. The price move occurred on volume that was up 4.65% from the day prior, but down 1.68% from the same day the week before. The daily price chart of General Electric Co below illustrates.

General Electric Co Technical Analysis

Notably, General Electric Co crossed below its 100 day moving average yesterday. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days General Electric Co’s price has gone up 16 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about GE:

    $GE well it's been a long road with this one and some of you I've enjoyed chatting with and I'm sure I've irritated many others with my not so positive attitude towards General Electric but if we don't see something soon I've got to get out of here I need a break from GE. It's just been hard to think about liquidating losing positions in Mass

    sistermojo