Fast Moves
Fast-moving stocks in the momentum phase do not often pause for very long.
W.D. Gann noticed back in the earlier part of the 20th century that the
strongest rarely pulled back for more than three days. However, sometimes they
don’t even wait that long.
11:11:29
General Dynamics (GD)
is threatening to retest its high of two days ago. GD is now trading up 1.00
at 103.48 and is holding a
3-month relative strength rank of 84 from TradingMarkets.com.
Â
The stock has gained more than 5 points since taking out last
Friday’s high.
Â
Â
Swing traders as well as daytraders can benefit from being in
strong stocks like GD. They move fast, so stay on top of them.
Until tomorrow,
Duke