GENERAL DYNAMICS CORP
(GD-NYSE):
Technical Viewpoint: From a low
of $49.85 on Jul 27, 2009 prices
rallied, reaching a
high of $57.85
on Aug 7, 2009. A
decline saw prices pull back, reaching a
low of
$54.74 on Aug 17, 2009.
Another rally saw prices penetrate
resistance, closing 9/4/09
at $60.48. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 4, 2009 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.74. Resistance: Is at $61.06.
Point & Figure: Reversed to the upside on Aug 25, 2009. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! General Dynamics Corp
(GD-NYSE) @ $60.75 Stop: Use a protective stop of $58.25.
General Dynamics Corp is currently trading @ $60.48 plus $1.68 on Sep 4, 2009. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $10.62. Today's Risk Reward Ratio: 5:1
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