General Electric Company (NYSE:GE) stock is cents from a three year high as bullish bias continues to accumulate
General Electric Company (NYSE:GE) stock is cents away from a three year high. After lagging at the beginning of this week, shares have risen decisively throughout morning and noon trading, peaking at about 1:05 P.M. Eastern when GE finally began to retrace into the intraday trend. At its highest point, GE reached $20.90 per share, just 15 cents away from exceeding $21.04 last observed during December of 2008.
Overall, GE has been performing admirably since rebounding from $5.73 during the first quarter of 2009. While shares slumped into consolidation just past April of 2010, it was not long until GE began make new higher high’s, and lower low’s and re-gathered bullish bias once again.
General Electric Company (GE) is a diverse company structured with departments in technology, media and financial services. GE produces products from light bulbs to aircraft engines, and software including items such as security technology. GE also caters financial services to consumers and businesses. The company has a finger in most facets of business, making it a very well-rounded. The company has a market value of $220,339,568,240 and there remains 10,654,718,000 shares outstanding.