GE Stock: A Technical Analysis

Shares of General Electric Company 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.

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.