General Electric Company (NYSE:GE) stock gap earlier this morning has GE situated near a new higher high as bullish momentum persists
General Electric Company (NYSE:GE) stock gaped as normal market hours began earlier this morning leaving shares closer to a higher high. GE has descended back into range during intraday trading but it does not detract from the overall momentous, bullish run that GE has been traded with since the middle of March. To make a new higher high (and to continue the bullish trend,) shares need to exceed the $21.17 price level which is also shown on the provided daily chart.
There is still one price gap that needs dealt with before GE can post a new 12-month high, this gap was formed on the open of trading on February 22, a few days prior to the latest dividend. Shares at this point would be less than 50 cents away from a new 12-month high. With continued positive technical strength coupled with bullish price action this run has yet to stall.
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 $217,590,461,010 with 10,619,349,000 shares outstanding at the time of writing.