GE Hits Fibonacci Support

Traders who rely on technicals often try to identify support (and resistance) levels for stocks. Such levels may be based on moving averages or historical lows (and highs), but another common approach is using Fibonacci numbers (i.e., the "golden ratio"). According to this process, a key support level is a 61.8% retracement from a high price, which GE is approaching. See article here, MarketWatch.