When the Price of (GD) Talks, People Listen

September 16, 2024, 19:02 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for GD

• Buy GD slightly over 294.78 target 308.13 stop loss @ 293.93 Details

The technical summary data tells us to buy GD near 294.78 with an upside target of 308.13. This data also tells us to set a stop loss @ 293.93 to protect against excessive loss in case the stock begins to move against the trade. 294.78 is the first level of support below 307.2 , and by rule, any test of support is a buy signal. In this case, support 294.78 would be being tested, so a buy signal would exist.

• Short GD slightly under 308.13, target 294.78, stop loss @ 309.02 Details

The technical summary data is suggesting a short of GD as it gets near 308.13 with a downside target of 294.78. We should have a stop loss in place at 309.02though. 308.13 is the first level of resistance above 307.2, and by rule, any test of resistance is a short signal. In this case, if resistance 308.13 is being tested, so a short signal would exist.

Swing Trading Plans for GD

• Buy GD slightly over 307.27, target 308.13, Stop Loss @ 306.38 Details

If 307.27 begins to break higher, the technical summary data tells us to buy GD just slightly over 307.27, with an upside target of 308.13. The data also tells us to set a stop loss @ 306.38 in case the stock turns against the trade. 307.27 is the first level of resistance above 307.2, and by rule, any break above resistance is a buy signal. In this case, 307.27, 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 307.27, target 299.9, Stop Loss @ 308.16. Details

The technical summary data is suggesting a short of GD if it tests 307.27 with a downside target of 299.9. We should have a stop loss in place at 308.16 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, 307.27, 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 307.27, target 308.13, Stop Loss @ 306.55 Details

If 307.27 begins to break higher, the technical summary data tells us to buy GD just slightly over 307.27, with an upside target of 308.13. The data also tells us to set a stop loss @ 306.55 in case the stock turns against the trade. 307.27 is the first level of resistance above 307.2, and by rule, any break above resistance is a buy signal. In this case, 307.27, 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 307.27, target 303.26, Stop Loss @ 307.99. Details

The technical summary data is suggesting a short of GD if it tests 307.27 with a downside target of 303.26. We should have a stop loss in place at 307.99 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, 307.27, 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 September 16:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	294.78
P2	303.26	299.9	308.13
P3	309.48	307.27	320.89

AI Generated Signals for GD

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of General Dynamics Corporation (NYSE: GD) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for GD can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.