General Electric Co (GE) Down 2.19%; Price Base in Formation Over Past 90 Days

General Electric Co 4 Hour Price Update

Updated July 28, 2020 04:36 PM GMT (12:36 PM EST)

In the past four hours of today’s trading session, GE’s price is up $0.13 (2.01%). For context, General Electric Co’s peers in the in the Electrical Equipment industry are up 0.5% on average in this time, while its peers in the broader Industrials sector are up by an average of 3.93%.

General Electric Co Daily Price Recap

General Electric Co closed the day prior down 2.19% ($0.15); this denotes the 3rd day in a row it has gone down. The price move occurred on stronger volume; specifically, yesterday’s volume was up 7.92% from the day prior, and up 35.01% from the same day the week before. Here is a daily price chart of General Electric Co.

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General Electric Co Technical Analysis

Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. Or to view things another way, note that out of the past 14 days General Electric Co’s price has gone up 8 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to GE:

    $GE The amount of money evaporated is extremely large even for WS! No one once to be in front of this freight train! Any good news and shrts will scramble for the door!! Do not listen to the BS1 good luck!

    beyondthenoise