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Watch for Continued Gains in Shares of General Dynamics (GD)

By Nick Russo

General Dynamics (NYSE:GD) traded at a new 52-week high today of $203.47. This new high was reached on below average trading volume as 128,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

In the past 52 weeks, shares of General Dynamics have traded between a low of $121.61 and a high of $203.47 and are now at $202.59, which is 67% 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%.

Potential upside of 0.2% exists for General Dynamics, based on a current level of $202.59 and analysts' average consensus price target of $203.06. The stock should discover initial support at its 200-day moving average (MA) of $139.32 and subsequent support at its 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.

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 26.5%. 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