Intraday Update: GE

By Dan Darrow

September 13, 2022

Intraday Update: GE

Selling has not let up this afternoon, and with the indices breaking to new intraday lows, many stocks are continuing to slide. The GE position was just rolled up yesterday on the move to 75.50-76+, but the huge reversal lower today has now sent it below the key 50day sma and it is changing the bull thesis. Having lost moving average support, the GE Oct14 $77 - $81 call spread roll up needs to be closed before a major breakdown can develop.

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