Stock-GE-General Electric - Best Day Trading Stock

Stock Symbol - GE - General Electric - Today’s Best Day Trading Stock

Some of you are probably saying to yourself, what the heck is this guy saying?? Day trade General Electric? Why would you day trade a stock as steady as General Electric? What kind of profit do you expect to make day trading the grand daddy stock of them all? Well here are the reasons we are picking GE as our best day trading stock of the day. Reason number one to day trade General Electric has already been mentioned; they are a steady company and the stock price will not drop off a cliff and they will not rocket to the moon in 1 minute. We just felt a breather was necessary after 5 weeks of incredible gains in the DOW and NASDAQ. You need a predictable stock to day trade to protect your profits. This week is as unpredictable as it can get, we can either continue the rise or more likely the stock market will take a breather and be sold off a little due to the heavy weight buyers coming back from vacation. Also is it me or are we making a real big fuss over the hijacked ship off of Somalia? I get the feeling one way or another, the news development out of there will be used to affect the stock market in the coming days. So make sure you keep an eye out for that. Also in the coming weeks, we expect to see the Bears fighting back as it is clear we are no were near the bottom.

As for General Electric’s stock price, we see it opening lower this week and fighting to stay above $11 a share. The day trading range we are putting for this stock is buy at $10.75 and under and sell anywhere above $11.25. As always do your own research and good luck on your day trading investments! Day trading is the wave of the future and holding onto a stock will lead you towards the slaughter house.