$GE investors have been the benefactors of a great upwards channel since last October (blue line). Sadly, the stock has broken outside of the upwards channel, and is now consolidating in a tight sideways channel between $13 and $13.70. If the stock is to continue climbing, it will need to break that resistance at $13.70. On the bearish end, a break below $13 could leave the stock exposed to a retest of support all the way at $12.
