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GE’s stock reverses lower as key chart resistance halts upside progress, again

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AFP via Getty Images

Shares of General Electric Co. pulled a sharp intraday U-turn Thursday to close in negative territory, as they once again failed to sustain gains above a chart resistance level, even as Wall Street analysts praised the industrial conglomerate’s blowout earnings report.

The stock
GE,
-0.67%

rose as much as 4.3%to an intraday high of $7.74 in morning trading, before reversed course to close down 0.7% at $7.37. For the second day in a row, and for the third time in five sessions, the stock climbed above the 200-day moving average…



Source marketwatch.com

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