General Dynamics Corp. (GD) is a defense contractor with leading market positions in business aviation and aircraft services, land and amphibious combat systems, mission-critical information systems and technologies, and shipbuilding and marine systems. After tracing out a two-month base, the stock broke out on June 25 and has popped nicely, notes John Eade, president of Argus Research.
GD has been a huge winner over the years, albeit with its share of rough periods. After the stock bottomed in 2009 at $35, it surged to $79 by April 2010. The shares then went sideways until breaking out in mid-2013.
General Dynamics Corp. (GD)
Data by YCharts
From there, GD soared until February 2018, hitting $230 with only one pause during the period. The stock fell to $100 during the pandemic and then saw a five-wave advance to $317 by November 2024.
Things then got ugly, with the shares plunging to the 200-week average at $242 by February. GD then rallied and broke its downtrend line, but tested its low in April.
After the recent advance, we would put a stop-loss just below chart support at $275. We would take profits at $323.
