General Electric Company (GE) – stock is trading around $11.55 dollars as of November, 25, 2019 and offering a possible buying price between $11.55 – $12.13. Let’s look at the stocks technical actions using a weekly chart.
2. After a bounce the stock appeared to be going up with a bullish 50 & 200 day moving average cross over.
3. However, the stock failed to breakout and staged a 200 & 50 DMAs bearish cross over as it receded.
4. The stock staged a rock solid breakout early this month.
5. The stock also staged the bullish 50 & 200 DMA crossover again.
6. It kind of formed a three week tight chart pattern as of this week.
7. The stock is offering possible buying price between $11.55 – $12.13, with a stop loss at $10.63.
This stock is already part of the Stocks Under 20 Dollars pick and performance will be tracked here .
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