Rose

United

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>GE stock could soon retest 52 weeks high or even register a fresh 52 weeks high if the momentum sustains.</a> </li> 
 <li> <span>2</span> <a>At press time, General Electric stock was trading above 20,50,100 and 200 day exponential moving averages.</a> </li> 
</ul> 
<p>GE stock price surged with an impressive 112.09% rise in trading price in the 52 weeks time frame. General Electric Company stock has an annual price target $128.23 which is 11.03% greater than its press time trading price.</p> 
<h2 class="wp-block-heading" id="strong-general-electric-company-ge-stock-price-analysis-strong"><strong>General Electric Company (GE) Stock Price Analysis</strong></h2> 
<p>In the 52 weeks time frame, GE stock peaked at $117.96. General Electric Company has a market capitalization of $125.697 Billion.</p> 
<p>On September 15, General Electric stock traded in the range between $114.20 and $115.91. At the same time, GE stock was trading above 20,50,100 and 200 day exponential moving averages (EMA).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-485-1024x551.png" alt="General Electric: GE Stock Rose 112%; Will it Retest 52 Week High?" class="wp-image-168628" style="width: 100%;height:551px" width="1170" height="551">
  <figcaption class="wp-element-caption">
   Source: GE stock price chart from <a href="https://www.tradingview.com/x/vxeiZJ8f/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The MACD is in the positive zone, and buyers seem to be accumulating above the histogram. The RSI line and RSI based MA line is moving above the zero line.</p> 
<p>The dividend yield (FY) was 0.28% and basic EPS (TTM) was 8.27. Payout ratio (TTM) was 0.28%. Despite intraday decline, GE stock added 3.58% to its trading price in the weekly time frame and a surge of 25.82% is seen in half yearly time frame.</p> 
<p>According to TradingView, 1.084 Billion General Electric shares are free floating and the remaining 0.36% are closely held by the company stakeholders.</p> 
<p>General Electric Co. engages in the provision of commercial and military aircraft engines and systems, wind, and other renewable energy generation equipment and grid solutions, and gas, steam, nuclear, and other power generation equipment.</p> 
<h3 class="wp-block-heading" id="strong-general-electric-company-financial-updates-strong"><strong>General Electric Company Financial Updates</strong></h3> 
<p>The reported revenue of General Electric Company of the second quarter was 7.38% greater than estimates. As per analysts, the company was supposed to report $14.76 Billion in revenue, however it reported $15.85 Billion.</p> 
<p>The company is yet to release its third quarter revenue and the estimates suggest that the reported revenue might be around $15.04 Billion. The reported EPS of <a href="https://www.thecoinrepublic.com/2023/09/05/general-electric-stock-will-the-momentum-continue-in-ge-stock/">GE Company</a> was positive $0.46 but the reported EPS was 46.97% greater than the estimates.&nbsp;</p> 
<p>From the reported revenue of Q2 2023, gross profit of the company was $4.36 Billion and net income was $31 Million. General Electric Company generates the majority of its revenue from the United States, Europe, Asia, Middle East, China and Africa.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $113.45 &amp; $110.84&nbsp;</p> 
<p>Resistance Levels: $117.21 and &amp; $117.96</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong>: </h4> 
<p>General Electric Company stock is moving on the way to profitability and its price surged over 3% in the weekly time frame. There are expectations that if buyers continued their dominance over sellers then it is believed that GE stock might surge and break its 52 week high.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

General Electric: GE Stock Rose 112%; Will it Retest 52 Week High?

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