Relative Strength Defense Name Poised for New Highs
General Dynamics (GD) shares building a strong coiled flag pattern near recent highs and closed green Tuesday in a sluggish market. MACD nearing a bull cross and a break above 250 can likely push to 256 first target then 260. GD has blue sky territory above with no resistance as it recently made all time highs and now has spent a month consolidating those bullish gains. A close below 244 is a prudent stop out level.