Nov 06, 2009 (SmarTrend(R) Spotlight via COMTEX News Network) -- General Electric (NYSE:GE) upgraded to Outperform from Market Perform, $18 target, at Oppenheimer. The stock closed yesterday at $14.43 on volume of 69,984,800 shares, below average daily volume of 99,198,615.
General Electric is currently below its 50-day moving average of $15.47 and should find support at its 200-day moving average of $12.78.
SmarTrend is bearish on shares of GE and our subscribers received a Downtrend alert on October 27, 2009 at $15.00, which has returned 3.8% to date.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
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.TradeTheTrend.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.TradeTheTrend.com/signup.html
Copyright, Comtex News Network, Inc. 2009
