General Electric Co (GE) Up 4.94%, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days

General Electric Co 4 Hour Price Update

Updated June 30, 2020 04:32 PM GMT (12:32 PM EST)

GE traders saw its share price decline -0.22% ($-0.01) over the past four hours of trading. For context, General Electric Co’s peers in the in the Electrical Equipment industry are down -0.14% on average in this time, while its counterparts in the broader Industrials sector are up by an average of 0.2%.

General Electric Co Daily Price Recap

The back and forth price flow continues for General Electric Co, which started today off at 6.8 US dollars, up 4.94% ($0.32) from yesterday. This move happened on lower volume, as yesterday’s volume was down 16.85% from the day before — and down 5.02% from the same day the week before. Here is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Notably, General Electric Co crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 9 out of the past 14 days.

Overheard Around the Web

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

    $GE – some news!!
    GE Launches New AI Suite To Detect Chest X-Ray Abnormalities Caused By COVID-19 & Tuberculosis

    June 23 (Reuters) – General Electric Co <GE.N>::GE HEALTHCARE LAUNCHES NEW AI SUITE TO DETECT CHEST X-RAY ABNORMALITIES, INCLUDING PNEUMONIA CAUSED BY COVID-19 & TUBERCULOSIS.GE HEALTHCARE – INTRODUCED ITS THORACIC CARE SUITE.

    SSam2020