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General Electric Crosses Below its 10-day MA (GE)

By Amy Schwartz

Today, shares of General Electric (NYSE:GE) have crossed bearishly below their 10-day moving average of $14.25 on a volume of 11.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, General Electric has traded in a range of $12.73 to $33.00 and is now at $13.90, 9% above that low. 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 monitoring the recent change of momentum in General Electric. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of General Electric in search of a potential trend change.

Keywords: moving crosses General Electric

Ticker(s): GE