Bull & Bear: General Electric Company (GE)

Shares of General Electric Company GE are trading flat on the session, currently at $19.95. With GE's volatility escalating over the past few days, you have to wonder where shares are heading next… Bulls: Bulls will note that the 200-day moving average is uptrending and that shares have been consolidating around the 20-day and 50-day moving averages. This could very well be the case of a stock basing before a large rally. Bulls will also note that shares are not overbought at these levels, which leaves room to the upside as well. Options volume has been elevated over the past few weeks as well with calls outpacing puts. A bullish trader could buy the $20/21 call spread for a net debit of $0.39. Bears: Bears will note the huge red candle on the daily chart, which shows that General Electric likely made a key reversal and is now controlled by the bears. This red candle has also smacked down the 20-day and 50-day moving averages, both of which are in jeopardy of ticking lower. This could be the beginning of a longer-term downtrend in the name. There is quite a lot of overhead resistance here, it would be very hard for bulls to make a consistent run in the name. A bearish trader could buy the July $20 put for $0.94 and sell the July $21/18 strangle for a net credit of $0.61. General Electric Company is a diversified technology, media and financial services company. The company's products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products.