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General Dynamics: The Winning Streak Continues (GD)

By David Diaz

General Dynamics (NYSE:GD) traded at a new 52-week high today of $199.82. Approximately 93,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Potential upside of 1.9% exists for General Dynamics, based on a current level of $199.33 and analysts' average consensus price target of $203.06. General Dynamics shares have support at the 200-day moving average (MA) of $139.32 and additional support at the 50-day MA of $135.27.

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, shares of General Dynamics have traded between a low of $121.61 and a high of $199.82 and are now at $199.33, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

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 24.1%. 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