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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.

 

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...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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