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…

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