General Dynamics (GD) has a promising looking chart with price action near one year highs. During January, I will be watching to see how it handles the $78 level. If it can breakout on high volume and we see an increase in RSI, the stock could be good for a nice rise. However, average volume and an RSI reading below 70 would signal a false breakout and might even be a good, quick short opportunity.
Words of Inspiration:
From now until Janurary 15th, I will conclude every post with the full video of Martin Luther King's historic "I have a dream" speech. If you haven't already, please take the time to listen to the speech in its entirety.