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GENERAL ELECTRIC CO
(GE-NYSE):
Technical Viewpoint: From a low
of $111 3/8 on Sep 2, 1999 prices
rallied, reaching a
high of $122 1/2
on Sep 20, 1999. A
decline saw prices pull back, reaching a
low of
$115 1/4 on Sep 28, 1999.
Another rally saw prices penetrate
resistance, closing 10/6/99
at $123.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 23, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $116.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 30, 1999. A P&F upside
reversal takes place at $121.00. Summary: Technical indicators have turned bullish. BUY! GENERAL ELECTRIC CO
(GE-NYSE) @ $124 1/8 Stop: Use a protective stop of $121 3/8.
GENERAL ELECTRIC CO is currently trading @ $123.69 plus $2 3/4 on Oct 6, 1999. Price Objective:
$137.00. Risk/Reward: $2 3/4 VS. $12 7/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$137.00
Risk/Reward:
$2 3/4 VS. $12 7/8
Risk/Reward Ratio:
5:1
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