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Shares of General Electric Are Down on Strong Volume (GE)

By James Quinn

The price of General Electric shares has slipped to $8.40 (a 7.0% change) on heavy trading volume. Today's volume of 73.6 million shares tops the average 30-day volume of 52.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

General Electric share prices have moved between a 52-week high of $13.25 and a 52-week low of $6.40 and are now trading 30% above that low price at $8.35 per share. The 200-day and 50-day moving averages have moved 0.42% lower and 0.3% lower over the past week, respectively.

Keywords: unusual volume General Electric

Ticker(s): GE