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Stock Pick of the Day-General Electric
Nov 05, 2009

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Larry Swing

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Stock of the Day – General Electric (GE)

Price - $14.19

Strategy – Buy on Dips

RSI – 16.84

MACD – -0.40

 

General Electric is currently exhibiting weakness on the charts. GE has fallen from recent highs of near $17 levels to $14 levels. GE has got support at current levels of $14-$14.25 and has an even strong support near $13 levels.

GE stock is already hovering in an oversold zone, with a RSI of 16.84.  One can use the correction in the stock to make long positions at lower levels.

 

 

...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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GE
C:19.2400

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