When (GD) Moves Investors should Listen

October 08, 2024, 08:00 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GD

• Buy GD near 295.88 target 308.75 stop loss @ 295.03 Details

The technical summary data tells us to buy GD near 295.88 with an upside target of 308.75. This data also tells us to set a stop loss @ 295.03 to protect against excessive loss in case the stock begins to move against the trade. 295.88 is the first level of support below 298.04 , and by rule, any test of support is a buy signal. In this case, support 295.88 would be being tested, so a buy signal would exist.

• Short GD slightly under 308.75, target 295.88, stop loss @ 309.64 Details

The technical summary data is suggesting a short of GD as it gets near 308.75 with a downside target of 295.88. We should have a stop loss in place at 309.64though. 308.75 is the first level of resistance above 298.04, and by rule, any test of resistance is a short signal. In this case, if resistance 308.75 is being tested, so a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 302.03, target 308.75, Stop Loss @ 301.16 Details

If 302.03 begins to break higher, the technical summary data tells us to buy GD just slightly over 302.03, with an upside target of 308.75. The data also tells us to set a stop loss @ 301.16 in case the stock turns against the trade. 302.03 is the first level of resistance above 298.04, and by rule, any break above resistance is a buy signal. In this case, 302.03, 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 302.03, target 296.28, Stop Loss @ 302.9. Details

The technical summary data is suggesting a short of GD if it tests 302.03 with a downside target of 296.28. We should have a stop loss in place at 302.9 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, 302.03, 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 299, target 302.03, Stop Loss @ 298.3 Details

If 299 begins to break higher, the technical summary data tells us to buy GD just slightly over 299, with an upside target of 302.03. The data also tells us to set a stop loss @ 298.3 in case the stock turns against the trade. 299 is the first level of resistance above 298.04, and by rule, any break above resistance is a buy signal. In this case, 299, 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 299, target 296.28, Stop Loss @ 299.7. Details

The technical summary data is suggesting a short of GD if it tests 299 with a downside target of 296.28. We should have a stop loss in place at 299.7 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, 299, 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 Corporation (GD) available here: GD.

GD Ratings for October 08:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	295.88
P2	295.81	296.28	308.75
P3	299	302.03	321.29

AI Generated Signals for GD

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