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Watch These GE Vernova Price Levels as Stock Jumps After Investor Update
GEVGE Vernova Inc.(GEV) Investopedia·2024-12-12 00:51

Key TakeawaysGE Vernova shares gained 5% on Wednesday, one day after the energy equipment maker raised its long-term sales outlook, declared a dividend and announced a stock-buyback plan. The stock broke down below the lower trendline of an ascending triangle on Tuesday, but staged an intraday reversal to close back within the pattern today, potentially creating a bear trap.Investors should watch important overhead areas around $355 and $400, while also monitoring key support levels near $295 and $258. GE V ...