• Return to Headlines

Look for Shares of General Electric Capital to Pullback after Yesterday's 0.24% Rise (GEC)

Written on Mon, 08/02/2010 - 5:37am
By Chip Brian

General Electric Capital (NYSE:GEC) traded in a range yesterday that spanned from a low of $25.11 to a high of $25.25. Yesterday, the shares gained 0.24%, which took the trading range above the 3-day high of $25.20 on volume of 69,000 shares.
Shares of General Electric Capital are currently trading above their 50-day moving average (MA) of $24.90 and above their 200-day MA of $24.57. Look for these MAs to provide support for a short-term pullback in the shares.
SmarTrend is bullish on shares of General Electric Capital and our subscribers were alerted to Buy on May 07, 2010 at $23.57. The stock has risen 7.1% since the alert was issued.
SmarTrend has the shares in an Uptrend and expects the share price to pullback toward the $25.20 support level. Afterwards, we expect it to move upward with its peers in the SmarTrend Conglomerates industry.

Keywords: general electric capital trading range stock news

Ticker(s): GEC

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.