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Watch for General Electric to Potentially Rebound After Falling 2.39% Yesterday

By Nick Russo

General Electric (NYSE:GE) traded in a range yesterday that spanned from a low of $12.81 to a high of $13.29. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $13.23 on volume of 55.6 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.

General Electric share prices have moved between a 52-week high of $24.15 and a 52-week low of $11.21 and are now trading 16% above that low price at $12.96 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

Keywords: rebounders General Electric

Ticker(s): GE