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Look for Shares of General Dynamics to Potentially Pullback after Yesterday's 1.21% Rise

By James Quinn

General Dynamics (NYSE:GD) traded in a range yesterday that spanned from a low of $219.24 to a high of $222.81. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $220.49 on volume of 450,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, General Dynamics has traded in a range of $132.68 to $230.00 and is now at $221.32, 67% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in General Dynamics. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of General Dynamics in search of a potential trend change.

Keywords: rebounders General Dynamics

Ticker(s): GD