18 May 2025
Lockheed Martin (LMT) – Bullish Setup Supported by Saudi Arms Deal
The U.S. has agreed to a $142 billion arms package with Saudi Arabia, which has sparked positive sentiment around defense contractors. Lockheed Martin (LMT), a potential key beneficiary of the deal, may gain momentum as the news develops.
From a technical analysis perspective, LMT is currently trading near an ascending trendline support, which coincides with the 200-day moving average (MA)—a strong confluence zone suggesting continuation of the current uptrend.
Bias remains to the upside, with immediate resistance seen around $500, which may act as the first hurdle. A break above this level could open room for further gains, in line with the prevailing trend.
Strategy: Ride the trend as long as price respects the ascending support.
Lockheed Martin (LMT) – Bullish Setup Supported by Saudi Arms Deal
The U.S. has agreed to a $142 billion arms package with Saudi Arabia, which has sparked positive sentiment around defense contractors. Lockheed Martin (LMT), a potential key beneficiary of the deal, may gain momentum as the news develops.
From a technical analysis perspective, LMT is currently trading near an ascending trendline support, which coincides with the 200-day moving average (MA)—a strong confluence zone suggesting continuation of the current uptrend.
Bias remains to the upside, with immediate resistance seen around $500, which may act as the first hurdle. A break above this level could open room for further gains, in line with the prevailing trend.
Strategy: Ride the trend as long as price respects the ascending support.
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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.
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.