Watch These GE Vernova Price Levels as Stock Jumps After Investor Update
Key Takeaways
- GE 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 Vernova (GEV) shares jumped on Wednesday, one day after the energy equipment maker raised its long-term sales outlook.
The company, which projected 2028 sales of about $45 billion, also announced a 25-cent quarterly dividend and…