LMT took its turndown along with the rest of the market in recent week and is currently testing a trendline that has been in place since 2013. Watch closely for the break lower.
Note
Clean break as discussed above. Took out bottom at around 290 and should be heading lower. First major support levels between 257-267 (previous high resistance and 38.2% Fib)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.