GENERAL ELECTRIC CO
(GE-NYSE):
Technical Viewpoint: From a low
of $28.53 on Nov 21, 2003 prices
rallied, reaching a
high of $34.57
on Jan 28, 2004. A
decline saw prices pull back, reaching a
low of
$32.35 on Feb 11, 2004.
Another rally saw prices penetrate
resistance, closing 2/23/04
at $33.42. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 3, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.50. Resistance: Is at $34.57.
Point & Figure: Reversed to the upside on Feb 20, 2004. A P&F upside
reversal takes place at $32.50. Summary: Technical indicators have turned bullish. BUY! GENERAL ELECTRIC CO
(GE-NYSE) @ $33.50 Stop: Use a protective stop of $31.50.
GENERAL ELECTRIC CO is currently trading @ $33.42 plus $0.72 on Feb 23, 2004. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $11.50. Today's Risk Reward Ratio: 6:1
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