The CFO of General Electric (GE) told shareholders and analysts Thursday evening that the supply chain was putting pressure on margins and free cash flow. Let's check and see how that is playing out on the stock price.
In the daily bar chart of GE, below, we can see the price action as of Friday's opening. The shares have gapped lower and are trading below the 50-day and the 200-day moving average lines.
The On-Balance-Volume (OBV) line has been rolling over in August and so far into September. The Moving Average Convergence Divergence (MACD) oscillator has crossed below the zero line for a new outright sell signal.