GE update March 11

GE march 11

If you own (you should as it traded well under $7/8 ) where to sell. Moving average (50-day) and trend-line are around $12. $10 would give you the proverbial 30%. The opening indication is just above $9 but the RSI is nowhere near the 50%= level that it typically returns to. On previous occasions it managed to do about $7 so from a low of $5.88 that would put it again at $12/$13.

By the way, GE might as well be a bank, see below correlation with S&P Financials

ge s&p fin