General Electric Co (GE) Up 9.62%

General Electric Co Daily Price Recap

The end of a 5 day negative run has come for General Electric Co, which finished the previous day up 9.62% ($0.6). The price move occurred on stronger volume; specifically, yesterday’s volume was up 3.83% from the day prior, and up 72.74% from the same day the week before. Below is a daily price chart of General Electric Co.

General Electric Co Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that General Electric Co’s price has gone down 18 of the previous 30 trading days. Those interested in trading off candles may wish to observe the emergence of a bullish engulfing pattern, which seems particularly noteworthy against the backdrop of a downtrend on the 90, 14 and 30 day time periods.

Overheard Around the Web

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

    $GE don't listen to the shorts!! GE is responsible for one-third of the world's electricity and powers two-thirds of the military aircraft around the world. In addition, it's transitioning to green fuel energy. Buy these prices. Hasn't been this low since the 1990's.