General Electric Co (GE) Up 0.28%, Price Base in Formation Over Past 90 Days; Eyes 100 Day Average

General Electric Co Daily Price Recap

General Electric Co closed yesterday up 0.28% ($0.02); this denotes the 2nd day in a row an upward move has occurred. This move happened on lower volume, as yesterday’s volume was down 6.26% from the day before — and down 4.11% from the same day the week before. Below is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

Notably, General Electric Co is now close to its 100 day moving averages, which may act as price barrier for the asset. 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. For another vantage point, consider that General Electric Co’s price has gone up 10 of the previous 14 trading days.

Overheard Around the Web

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

    $BA $TSLA $AMZN $GE $GOOGL

    NEW CEO of Boeing David Calhoun successfully commandeered GE through 9/11 crisis; we're in good hands

    Q: The COVID-19 crisis reminds us of when you took the helm at GE Aviation shortly before the Sept. 11, 2001, terrorist attacks. You steered that company through the recession that followed

    A: Having gone through 9/11 gives me faith and confidence. I don’t think anybody put forward as much capital as [GE] did at the time, & it paid off. When we’re through the COVID waves, when vaccines are widely distributed & people have begun to recover from the fear of the virus, we’ll be right back to where we were

    Global trade will not stop, global economic interdependence will not end, & the growing middle class in the world will want to travel. When you have faith in that, you can plan for the transition period. I believe we have the resources and can sustain the research programs. We’ve got a portfolio of products to get us back and not just survive but win

    hiphoppier