General Electric (GE) is heading towards a higher trading range

Trader’s choice – General Electric (GE)
Close – $14.80
Strategy – Long
MACD – 0.30
RSI – 64.10

The stock had been moving in a tight range from $13-$14.51. The stock had strong resistance at $14.51. The stock has made an up move on higher volumes and moved out of the $13-$14.51 trading range. Expect long buildup in the stock in coming few trading sessions. If the stock consistently stays above the resistance levels of $14.51, expect the stock to trade in a higher range of $14.51 - $19.55.