Tech Tracker | GD, AEO Show Maximum 9% Potential Upside With "Flag-Formation Breakout" Signals
Our in-house experts provide daily technical analysis to assist investors in making informed trading decisions and enhancing their trading strategy.
Here's a summary of the technical analysis for 26Oct23:
1. Stock Name: General Dynamics Corp ($General Dynamics Corporation GD$ )
General Dynamics Corporation is a diversified defence company. The Company offers a broad portfolio of products and services in business aviation, combat vehicles, weapons systems, munitions, shipbuilding design and construction, information systems, and technologies.
Entry: Buy above $242.00
Target: $248.50 (2.7%), $252.10 (4.2%)
Stop: $237.60 (-1.8%)
Shariah: No
Technical: Flag-formation breakout
2. Stock Name: American Eagle Outfitters Inc ($American Eagle Outfitters, Inc. AEO$ )
American Eagle Outfitters, Inc. retails men's and women's casual apparel, footwear, outerwear, and accessories. The Company provides products that include jeans, khakis, t-shirts, and other similar apparel. American Eagle serves customers in the United States.
Entry: Buy above $18.00
Target: $19.00 (5.6%), $19.70 (9.4%)
Stop: $17.30 (-3.9%)
Shariah: Yes
Technical: Flag-formation breakout
Source: Bloomberg, M+ Global (Malacca Securities)
More about Loui:
Loui Low leads a team of analysts to perform equity and economic research and to provide investment advisory services to the organization's sales team, fund manager and retail fraternity. He has more than 10 years of experience in the stockbroking industry.
He graduated with a Bachelor of Science in Statistics from University of Malaya. He also holds an STA Diploma and is a member of the Society of Technical Analysts (MSTA) United Kingdom.
More about the tech tracker :
Our technical analysis section is updated daily and features insights from our expert analyst, Loui, on the stock market. Traders may find some trading inspiration from Loui's views.
More Insights from Loui:
· M+ Global Tech Tracker - 12Oct23
· M+ Global Tech Tracker - 18Oct23
· M+ Global Tech Tracker - 19Oct23
· M+ Global Tech Tracker - 23Oct23