[May 25, 2012] Downgrade Alert for General Dynamics (GD) Tweet May 25, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- General Dynamics (NYSE:GD) was downgraded from Neutral to Sell at Goldman Sachs today. The stock closed yesterday at $63.34 on volume of 2.0 million shares, above average daily volume of 1.8 million. General Dynamics share prices have moved between a 52-week high of $75.93 and a 52-week low of $53.95 and closed yesterday at 17% above that low price at $63.34 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%. General Dynamics Corporation is a diversified defense company. The Company offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; shipbuilding design and construction; and information systems, technologies and services. Potential upside of 21.8% exists for General Dynamics, based on a current level of $63.34 and analysts' average consensus price target of $77.14. The stock should find initial resistance at its 200-day moving average (MA) of $66.14 and further resistance at its 50-day MA of $69.18. SmarTrend is tracking the current trend status for General Dynamics and will alert subscribers who have GD in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]