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General Electric Rally Finds Resistance In Familiar Area

By Insider Scoop
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Courtesy of Benzinga.

General Electric Company (NYSE: GE) shares are trading higher by $0.41 at $31.01 in Monday’s session. It’s trading higher for the fourth time in its last five sessions. The one outlier was Friday’s session, when it shed only $0.04. Over that course time, it rallied from its June 13 close ($29.83) to $31.32 earlier in today’s session.

That high coincides with a series of four highs the issue made in mid-April from $31.18-$31.35 area.

Posted-In: Technicals Intraday Update Movers Trading Ideas

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