General Electric Co (GE) Down 0.96%, Crosses 20 Day Moving Average; in a Downtrend Over Past 90 Days

General Electric Co Daily Price Recap

The choppiness in the recent daily price action of General Electric Co continues; to start today, it came in at a price of 6.21 US dollars, down 0.96% ($0.06) since the previous day. The price move occurred on volume that was down 57.65% from the day prior, but up 15.14% from the same day the week before. Below is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Moving average crossovers are always interesting, so let’s start there: General Electric Co crossed below its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to view things another way, note that out of the past 14 days General Electric Co’s price has gone down 10 them.

Overheard Around the Web

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

    To anyone following me…

    I feel it is important to not only share wins but losses. I recently got into options trading and have done extremely well. Due to the end of day downturn my profits for the day quickly went from 25%+ down to -1%.

    Afterhours things seemed to stabilize so I am not expecting any major losses on any of my contracts as of now but PM can always change that.

    I do have 2 contracts expiring Friday which I am pretty sure will end up losses which they currently are. I'm just hoping they will be less of a loss by the time I sell them. Those are $GE and $DKNG .

    Next week is a new week and I'm pretty excited about what I have going forward with exports ranging from May 29th to September and 1 pushed all the way out to January.

    ILoveCharts