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General Dynamics Bearish Moving Average Crossover Alert (GD)

By David Diaz

General Dynamics (NYSE:GD) shares have crossed bearishly below their 10-day moving average of $200.40 on a volume of 165K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of General Dynamics have traded between a low of $132.68 and a high of $205.17 and are now at $199.90, which is 51% 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 November 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $160.61. Since that recommendation, shares of General Dynamics have risen 25.2%. 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