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

By Amy Schwartz

Today, shares of General Electric (NYSE:GE) have fallen below their 10-day MA of $12.57 on a volume of 17.4 million shares. Swing traders may find 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 $11.94 to $25.21 and is now at $12.43, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of General Electric on June 5th, 2018 by issuing a Downtrend alert when the shares were trading at $13.73. Since that call, shares of General Electric have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses General Electric

Ticker(s): GE