Defense Stock Ready to Rocket Higher

Shares of aerospace and defense firm General Dynamics Corp (NYSE:GD) were last seen trading at $276.84. Two-straight monthly losses has amounted to a quarterly deficit of 8.2%, aided in large part by a Nov. 14 6.9% gap lower in the wake of President-elect Donald Trump's proposed Department of Government Efficiency appointments. The good news is that this drawdown presents a unique buying opportunity, if past is precedent.GD is within one standard deviation of its 320-day moving average. For the purpose of t ...