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Watch for General Electric to Potentially Rebound After Falling 4.54% Yesterday

By Amy Schwartz

General Electric (NYSE:GE) traded in a range yesterday that spanned from a low of $14.34 to a high of $14.74. Yesterday, the shares fell 4.5%, which took the trading range below the 3-day low of $14.41 on volume of 59.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

General Electric share prices have moved between a 52-week high of $33.00 and a 52-week low of $13.95 and are now trading 3% above that low price at $14.42 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of General Electric on January 18th, 2018 by issuing a Downtrend alert when the shares were trading at $17.12. Since that call, shares of General Electric have fallen 11.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders General Electric

Ticker(s): GE