GENERAL ELECTRIC CO
(GE-NYSE):
Technical Viewpoint: From a low
of $34.62 on Nov 2, 2006 prices
rallied, reaching a
high of $36.26
on Oct 17, 2006. A
decline saw prices pull back, reaching a
low of
$34.96 on Dec 1, 2006.
Another rally saw prices penetrate
resistance, closing 12/15/06
at $37.36. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 15, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Sep 26, 2006. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! GENERAL ELECTRIC CO
(GE-NYSE) @ $37.63 Stop: Use a protective stop of $35.63.
GENERAL ELECTRIC CO is currently trading @ $37.36 plus $1.15 on Dec 15, 2006. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $9.87. Today's Risk Reward Ratio: 5:1
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