Tag: General Dynamic Corp

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

General Dynamics Corporation Stock Code GD.NYS

Outlook

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.

Strategy                  

$204.00              Buy

$215.10              Price Target

$198.50              Risk Management Stop

3 weeks              Trade Duration