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After Yesterday's Rally of 1.50% Shares Could Potentially Pullback

By David Diaz

General Dynamics (NYSE:GD) traded in a range yesterday that spanned from a low of $210.60 to a high of $215.50. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $215.09 on volume of 700,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, General Dynamics share prices have been bracketed by a low of $132.68 and a high of $229.54 and are now at $214.04, 61% 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 December 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $203.41. Since that recommendation, shares of General Dynamics have risen 4.1%. We continue to monitor GD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders General Dynamics

Ticker(s): GD