General Dynamics Corp - GD
|
March 28, 2007
|
|
Last
Trade
|
$76.83
|
|
Volume
|
1,075,000
|
|
52-Week
High
|
$81.28
|
|
52-Week
Low
|
$61.69
|
|
Commentary: For today's chart we've chosen to take a look at GD because
it has been trading within the confined range of an ascending channel. As you
can see from the chart below, we've added the Directional Momentum indicators,
which have recently created a signal that is suggesting the bears are taking
control of the momentum. Notice how the -DI (red line) has recently crossed
above the +DI (green line). This crossover will be used by traders to signal
the beginning of a new short-term downtrend. Most traders will likely want to
confirm this signal by watching for a drop below the ascending trendline.
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