GE: Is the bounce off 10ema for real?

BuyToOpen: March 22 call
SellToOpen: March 23 call
Net cost = $0.50
Potential reward, if GE is above 23 on 3rd Friday in March: $1 (the difference between 23 and 22 strike prices)
Risk = $0.50
Risk-to-Reward is 1:1