GENERAL DYNAMICS CORP
(GD-NYSE):
Technical Viewpoint: From a low
of $61.69 on May 24, 2006 prices
rallied, reaching a
high of $65.00
on Jun 2, 2006. A
decline saw prices pull back, reaching a
low of
$62.19 on Jun 14, 2006.
Another rally saw prices penetrate
resistance, closing 6/16/06
at $66.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 14, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $62.19. Resistance: Is at $66.68.
Point & Figure: Reversed to the upside on Jun 2, 2006. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! GENERAL DYNAMICS CORP
(GD-NYSE) @ $66.50 Stop: Use a protective stop of $64.13.
GENERAL DYNAMICS CORP is currently trading @ $66.12 plus $1.35 on Jun 16, 2006. Price Objective:
$76.00. Risk/Reward: $2.38 VS. $9.50. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|