GD closes lower for the 3rd day in a row
General Dynamics (GD) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving lower for the 3rd day in a row, GD finished the week -1.17% lower at 191.81 after losing $0.76 (-0.39%) today on low volume. Today's closing price of 191.81 marks the lowest close since July 16th. Closing below Thursday's low at 192.40, the stock confirms its breakout through the previous session's low having traded $1.74 below it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (GD as at Aug 10, 2018):
Friday's trading range was $2.11 (1.1%), that's below last trading month's daily average range of $3.44. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 192.78.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.