[May 22, 2012] General Electric (GE) Crosses Pivot Point Resistance at $19.23 Tweet May 22, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of General Electric (NYSE:GE) have bullishly opened above the pivot of $19.09 today and have reached the first resistance level of $19.23. Analysts will be watching for a cross of the next upside pivot targets of $19.33 and $19.57. In the past 52 weeks, shares of General Electric have traded between a low of $14.02 and a high of $21.00 and are now at $19.22, which is 37% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant. Potential upside of 16.5% exists for General Electric, based on a current level of $19.22 and analysts' average consensus price target of $22.38. The stock should find resistance at its 50-day moving average (MA) of $19.47, as well as support at its 200-day MA of $17.60. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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.MySmarTrend.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.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]