General Electric GE Technical Analysis

Just a note to make the observation that the GE share price quietly broke down through its 200-Day Moving Average back in June. Shares are now recovering in what appears to be a breakdown pullback pattern. This is noteworthy because GE is considered by some to be the most important bellweather in U.S. markets.

After an orderly 200-Day Moving Average breakdown, and a price pullback to the underside of the moving average, we often see the commencement of a determined correction. It's certainly worth watching at this time in the case of bellweather GE. ($33.55 U.S.)