General Dynamics Corporation Stock Code GD.NYS
Price broke above the cloud in the previous trading session, changing the chart outlook from bearish to bullish. Price also broke above a V-shaped Ichimoku structure which has a price projection target at $215.16. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD has a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the previous high at $210.39 initially and eventually to the Ichimoku V shaped price projection at $215.15 in the next 2-3 weeks.
$215.10 Price Target
$198.50 Risk Management Stop
3 weeks Trade Duration