• Return to Headlines

Look for Shares of General Dynamics to Potentially Rebound after Yesterday's 1.13% Sell Off

By James Quinn

General Dynamics (NYSE:GD) traded in a range yesterday that spanned from a low of $180.04 to a high of $181.72. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $180.72 on volume of 625,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, General Dynamics share prices have been bracketed by a low of $143.87 and a high of $207.72 and are now at $180.67, 26% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders General Dynamics

Ticker(s): GD