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General Electric Bullish Moving Average Crossover Alert (GE)

By Shiri Gupta

Today, shares of General Electric (NYSE:GE) have crossed bullishly above their 10-day moving average of $31.27 on a volume of 4.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

General Electric share prices have moved between a 52-week high of $33.00 and a 52-week low of $19.37 and are now trading 62% above that low price at $31.45 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for General Electric and will alert subscribers who have GE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses General Electric

Ticker(s): GE