GENERAL ELECTRIC CO
(GE-NYSE):
Technical Viewpoint: From a low
of $45.13 on Jan 10, 2001 prices
rallied, reaching a
high of $48.50
on Jan 17, 2001. A
decline saw prices pull back, reaching a
low of
$44.00 on Jan 29, 2001.
Another rally saw prices penetrate
resistance, closing 2/5/01
at $47.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 16, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $44.50. Resistance: Is at $48.50.
Point & Figure: Reversed to the upside on Jan 30, 2001. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! GENERAL ELECTRIC CO
(GE-NYSE) @ $48.25 Stop: Use a protective stop of $45.75.
GENERAL ELECTRIC CO is currently trading @ $47.85 plus $1.57 on Feb 5, 2001. Price Objective:
$63.00. Risk/Reward: $2.75 VS. $14.75. 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:
$63.00
Risk/Reward:
$2.75 VS. $14.75
Risk/Reward Ratio:
5:1
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