General Electric is Up for the 2nd Day in a Row

The Hourly View for General Electric

  • At the time of this writing, GE’s price is up $0.14 (0.13%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

General Electric’s hourly price chart is shown below.

GE

The Daily View for General Electric

  • At the time of this writing, GE’s price is up $0.11 (0.11%) from the day prior.
  • The daily chart shows that General Electric has seen 2 straight up days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between GE’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GE’s price.

Below is a daily price chart of General Electric.

GE

Featured General Electric Commentary From Twitter

Under Jeff Immelt, a power turbine blade traveled three miles over 85 days through a GE manufacturing plant.

Under Larry Culp, a blade traveled only 165 feet.

Great WSJ article on what real operators can do.

https://t.co/tVo0czNSPuNA

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