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Watch for General Dynamics to Potentially Rebound After Falling 1.21% Yesterday

By Nick Russo

General Dynamics (NYSE:GD) traded in a range yesterday that spanned from a low of $190.36 to a high of $195.65. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $192.76 on volume of 460,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, General Dynamics has traded in a range of $184.21 to $230.00 and is now at $190.92, 4% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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