How the price action of General Dynamics (GD) is used to our Advantage
January 09, 2023, 14:45 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for GD
- Buy GD slightly over 240.25 target 258.33 stop loss @ 239.56 Details
The technical summary data tells us to buy GD near 240.25 with an upside target of 258.33. This data also tells us to set a stop loss @ 239.56 to protect against excessive loss in case the stock begins to move against the trade. 240.25 is the first level of support below 245.34 , and by rule, any test of support is a buy signal. In this case, support 240.25 is being tested, a buy signal would exist.
- Short GD slightly under 258.33, target 240.25, stop loss @ 259.08 Details
The technical summary data is suggesting a short of GD as it gets near 258.33 with a downside target of 240.25. We should have a stop loss in place at 259.08though. 258.33 is the first level of resistance above 245.34, and by rule, any test of resistance is a short signal. In this case, if resistance 258.33 is being tested, a short signal would exist.
Swing Trading Plans for GD
- Buy GD slightly over 245.58, target 250.63, Stop Loss @ 244.87 Details
If 245.58 begins to break higher, the technical summary data tells us to buy GD just slightly over 245.58, with an upside target of 250.63. The data also tells us to set a stop loss @ 244.87 in case the stock turns against the trade. 245.58 is the first level of resistance above 245.34, and by rule, any break above resistance is a buy signal. In this case, 245.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GD slightly near 245.58, target 240.25, Stop Loss @ 246.29. Details
The technical summary data is suggesting a short of GD if it tests 245.58 with a downside target of 240.25. We should have a stop loss in place at 246.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 245.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for GD
- Buy GD slightly over 245.58, target 247.71, Stop Loss @ 245.01 Details
If 245.58 begins to break higher, the technical summary data tells us to buy GD just slightly over 245.58, with an upside target of 247.71. The data also tells us to set a stop loss @ 245.01 in case the stock turns against the trade. 245.58 is the first level of resistance above 245.34, and by rule, any break above resistance is a buy signal. In this case, 245.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short GD slightly near 245.58, target 244.33, Stop Loss @ 246.15. Details
The technical summary data is suggesting a short of GD if it tests 245.58 with a downside target of 244.33. We should have a stop loss in place at 246.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 245.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for General Dynamics (GD) available here: GD.
GD Ratings for January 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
222.81 |
| P2 |
244.33 |
245.58 |
240.25 |
| P3 |
247.71 |
250.63 |
258.33 |
AI Generated Signals for GD
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The General Dynamics (NYSE: GD) data table below can help you with price action, and we have more details too. Trading plans for GD are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for GD:
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