Still no news to accompany the drop from the all-time-high so we shift to explanatory technical analysis (take that Vox, with your explanatory journalism)
Almost to the gap, the stock came up short by 19 cents, not good enough and it potentially gets worse.
The problem is: It could trade down to the bottom of the gap. And it's a big gap. Six month chart from TradingView:
Today's low was 595.19, still above the July 23 open and far above the July 22 close.
GEV closed at $548.16 July 22 (bottom of gap)
Opened at $595.00 on July 23 (top of gap) eventually closing that day at $630.58.
That's it, that's all I have. Don't make me start casting bones and divining entrails.
On second thought, I may give Tyromancy a whirl:
The use of cheese as a divination tool was known in the ancient world and the Middle Ages, although the details aren't very well-recorded. Some say the shapes of the holes in the cheeses were thought to hold meaning—a heart shape could indicate love, and certain holes could be read as initials. According to occultopedia.com, young women in the countryside would predict future husbands by writing the names of suitors on pieces of cheese. The first to mold was believed to be the ideal mate. It may be worth noting, however, that the Greek diviner Artemidorus did not feel that cheese divination was very reliable, and included cheese diviners among his list of "false diviners," alongside dice diviners, sieve-diviners, and necromancers. (The interpretation of dreams and livers was far more dependable, he felt.)
GEV closed today's regular session at $603.13 down $21.89 (-3.50%).
