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
