GD
$GD - General Dynamics - Long from support areaGD is in oversold territory on the RSI(2). Price is also in the supply zone so look for long positions from this point. Price could test the ascending trend line at around $140.
ER is out on the 29th and previous ER's have surprised Wall Street on the last 3 occasions. This is a strong stock with a strong fundamental basis. The technicals are falling into place. Target $150.
GD $138.75: Tests 5-month falling channel resistanceDD extended the rebound off 130.91 (April 13, 2015 weekly low) to test 5-month falling channel resistance (as shown on the weekly chart), reaching 140.19 (April 29, 2015 high). Further strength above the latter is needed to confirm a bullish flag breakout pattern and bolster for 142.55 (February 16, 2015 weekly high) ahead of the 146.13 peak (November 24, 2014). The immediate support lies at 136.40 (April 13, 2015 weekly high). Below rests the 130.91 key support.
Outlook:
Short term: buy on pullback
Long term: bullish
