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Volume Watch Alert On: (NYSE:GE), (NYSE:BAC).


New York, NY -- (ReleaseWire) -- 11/15/2012 --General Electric Company (NYSE:GE) reported about its new joint venture with Parker Hannifin. The JV has been named Advanced Atomization Technologies LLC and will carry out the activities to manufacture and develop fuel nozzles. The stock closed its latest trading session at $20.01, down 3.24 percent from its previous close of $20.68.

General Electric is involved in the business of providing a wide range of services in the areas of finance and technology. Its stock’s bearish trend is further confirmed by its MACD chart and the stock may go as low as $19.42 in its coming trading sessions.

Get to know GE more by reading the free trend analysis report here: GE, Trend Analysis Report

Bank of America (NYSE:BAC) is a banking company and offers wide range of financial services. Its stock is in bearish phase and lost 3.64 percent in latest trading session. Bank of America stock traded in the range of $8.95 and $9.42 during its latest trading session. The stock had opened at $9.38 and closed at $8.99.

Bank of America is likely to continue its downward spiral in the coming trading sessions and its first support level is at $8.81. Upon breaching this level, the stock may test $8.41 level. Its first resistance level is at $9.12.

Find the answers to all the questions traders usually ask on BAC by reading the free trend analysis report here: BAC, Trend Analysis Report

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