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Bullish Moving Average Cross by General Dynamics (GD)

By Amy Schwartz

Today, shares of General Dynamics (NYSE:GD) have advanced above their 10-day MA of $152.36 on a volume of 102K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of General Dynamics have traded between a low of $121.61 and a high of $153.80 and are now at $152.49, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of General Dynamics on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.07. Since that recommendation, shares of General Dynamics have risen 6.7%. We continue to monitor GD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses General Dynamics

Ticker(s): GD