It has been highly touted in the media that Warren Buffet made a substantial investment in GE, additionally the company raised an additonal $ 12 billion by selling shares in an offering today,however the stock still acts like garbage.
With a FusionIQ technical rating of only 14 (out of a possible 100) we have to say that the market is betting GE goes lower. Again the old principle is not what is the news but how does a stock act in the face of that news. We would suggest still avoiding GE given its low rating. Support does not come into play again until $ 18.00.