General Dynamics Corp stock trades under the ticker GD & has shown recent bullish behavior that traders & investors should research further.
GD stock closed at $224.91/share on 5/31/2022.
General Dynamics Corp GD Stock’s Technical Performance Broken Down
GD Stock Price: $224.91
10 Day Moving Average: $221.81
50 Day Moving Average: $235.09
200 Day Moving Average: $212.52
RSI: 46.3
MACD: -3.911
Yesterday, GD stock completed a bullish MACD crossover, and has recently been trading on above average volume compared to the previous year.
Their RSI is still on the lower end of neutral, signaling that there may be additional momentum to come in the near-term.
They will need to break above the $226.64 & $230.43 resistance levels as they continue to climb higher.
General Dynamics Corp GD Stock As A Long-Term Investment
Long-term oriented investors will like GD stock’s 19.35 P/E (ttm), but may find that their 3.48 P/B (mrq) is a bit rich.
They recently reported 3.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a further analysis, with a reported $2.91B in Total Cash (mrq) & $13.17B in Total Debt (mrq).
GD stock pays a 2.13% dividend yield, which appears stable in the long-term as their payout ratio is 51.54%.
86.54% of GD stock’s outstanding share float is owned by institutional investors.
General Dynamics Corp GD Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in GD stock, while protecting themselves from broader market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $217.50, $220 & $222.50 call options look appealing, but are all extremely illiquid.
The $230, $227.50 & $225 puts also look interesting, but suffer from the same low levels of open interest.
Tying It All Together
GD stock is worth taking a closer look at by long & short-term traders alike.
Long-term investors will like their valuation metrics & dividend yield.
Short-term focused traders will like their current momentum, but will be disappointed by their low levels of open interest.
Overall, it is worth seeing how GD stock can fit into your portfolio strategy.
*** I DO NOT OWN SHARES OF GD STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***