GD Strong Move Above Recent HighsGD broke out into a gap, expecting that once filled, it will continue up
GDX trade ideas
$GD - The market's 8 ball I've been a way too bearish in general to keep up with any ticker in particular that'd give a different perspective on an individual sector / under-performers / out-performers. The setup as is - is more-or-less what every other equity looks like to me right before a pretty deep continuation downward follows. A few months back, when I realized the divergence between the financial sector & the S&P, I noticed the real distinct correlation to 2015-2016 some of the under-performers had; meanwhile the S&P continued making new highs on market rotation, but I kept it in mind. If you haven't noticed the amount of stats Bloomberg mentions in relation to stocks back in 2015 - i.e. "S&P having worst 3 weeks since Aug 2015 (10/22/2018)" - it's something to consider. Back in 2015 we were in the same exact position (almost); there was the emerging market debt crisis, worries about "China slowing down", & the dollar surging + oil plummeting. But some people forget that it's not the rising dollar that spreads EM contagion - it's the rising interest rates. Rates have continued to increase but $DXY has yet to come even close to its 2016-2017 high. I'm getting a little off topic but - $GD is one in a handful of equities that DIDN'T commit to the same downfall the entire market did back in 2015. Not even close, actually. Check back on the chart to 2015/2016 where rectangle marks same pattern as where we're at now. I think if there's something to be majorly worried about in the upcoming weeks - you should keep this one in mind. If it didn't break the 3.5 year WMA support back then, but it does now - we should be pretty worried. I'll stay neutral, for now at least.
GD: $140 Short Target -> $160+ June PotentialFirst off, don't take anything I say seriously or as financial advice. This is on opinion basis (as always). That being said, let get into my analysis. I am hoping for a positive earnings call for General Dynamics tomorrow, which is why I recommend getting this ASAP as it is worth the risk to me. Likely, it will pass the $140 price point if that is true real soon and has a bullish potential to go all the way up to $160 within two month. It is too early to call this a long, but I think as a short it isn't high risk.
GD - 4/28/2020GD - Tenkan sen crossed over Kijun sen and price moves up. Cloud ahead predicts sellers will sell from their purchases from March low of $100. On the other hand, the Fib from recent low and high shows a 61.8% point is likely around $153 - $155. This would be the glass ceiling or resistance level for now.
GD facing inflection pointwww.cnbc.com
The day chart shows GD facing an inflection point now, precisely it is in a symmetrical triangle pattern where it can breaks out either way, up or down.
I am more inclined to go with the upside rather than down for various reasons I shared on S&P500 chart.
Let's see how it perform over the next few weeks.
$Gd General Dynamics in Demand Possible entry levels @ $180-$185
Well below the $206 average analysts price target.
P/E ratio 15.46
General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It is organized into four business segments: Aerospace, Combat Systems, Information Technology, Mission Systems and Marine Systems. The Aerospace segment delivers a family of Gulfstream aircraft and provides a range of services for Gulfstream aircraft and aircraft produced by other original equipment manufacturers. The Combat Systems segment offers combat vehicles, weapons systems and munitions for the U.S. government and its allies around the world. The Information Technology segment provides technologies, products and services in support of thousands of programs for a wide range of military, federal civilian, state and local customers. The Mission Systems segment provides mission-critical C4ISR products and systems. The Marine Systems segment designs, builds and supports submarines and surface ships. The company was founded on February 21, 1952 and is headquartered in Falls Church, VA.
GD - Bull Put SpreadHigh Vol & High Beta Stock.
RSI <15 and PA finding S/R at level 187/188 zone
Looking for Reversal to mean higher.
Taking 185/180 Put Credit Spread.
Also picked up 190 Call for Directional Bias Higher.
Oct Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
GD long call spread converted to long call optionAs explained in the video, I initially opened a long call spread by buying the 175$ strike and by selling the 180$ strike. As the stock got completely crushed all week, I decided to close my sell 180 call for a profit. Now I only have the remainder of the 175$ long call. If the stock has a significant rally, I could either hold my long call and try to make a large trade or I could de-risk by reselling the 180 call. Overall, I believe I am in a good position, and the stock market rally today on 5/10/2019 really helped this trade bounce back.
GD approaching resistance, potential drop!GD is approaching our first resistance at 187.10 (horiozntal overlap resistance, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 165.58 (horizontal overlap support, 50% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price.
