Shares of General Electric Company (NYSE:GE) were trading higher Tuesday morning. Investors liked what they saw in the earnings release. The company said it expects its 2021 free cash flow to be between $3.5 to $5 billion. This is up from the previous forecast of $2.5 billion to $4.5 billion.
If GE reaches the $14.35 level, there is a good chance that it hits resistance. The shares reached this important level in early March and late May. Each time, the stock crashed into a wall of sellers and a downtrend followed.
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Sometimes a level that is resistance can be so for an extended period of time. If that’s the case here, it could put a top on the price.
See also: How to Buy General Electric (GE) Stock
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