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General Dynamics: The Winning Streak Continues (GD)

By Amy Schwartz

General Dynamics (NYSE:GD) traded at a new 52-week high today of $197.89. So far today approximately 299,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

General Dynamics Corporation is a diversified defense company. The Company offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding design and construction; and information systems, technologies and services.

In the past 52 weeks, General Dynamics share prices have been bracketed by a low of $121.61 and a high of $197.89 and are now at $197.55, 62% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

General Dynamics (NYSE:GD) has potential upside of 2.8% based on a current price of $197.55 and analysts' consensus price target of $203.06. The stock should find initial support at its 200-day moving average (MA) of $139.32 and further support at its 50-day MA of $135.27.

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 22.0%. We continue to monitor GD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows General Dynamics

Ticker(s): GD