CFD Trading – Sell General Dynamics Corp. (GD.NYS) @ $222.50. Stop @ $227.80 and Target @ $207.35.

General Dynamics Corporation Stock Code GD.NYS

Outlook

Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and is inside the cloud. MACD is bearish with both lines crossing below the zero line. We think price is likely to move lower to the previous price low at $207.33 in the next 2-3 weeks.

Strategy                  

$222.50              Sell

$207.35              Price Target

$227.80              Risk Management Stop

3 weeks              Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.