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After Yesterday's Decline of 1.74%, General Electric Offers Investors Better Value

By James Quinn

General Electric (NYSE:GE) traded in a range yesterday that spanned from a low of $13.56 to a high of $13.91. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $13.83 on volume of 29.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of General Electric have traded between a low of $12.73 and a high of $29.47 and are now at $13.65, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.3%.

Keywords: rebounders General Electric

Ticker(s): GE