LMT testing Trendline since 2013LMT 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.
Lockheed
Lockheed Martin Corporation.Hello Traders.
Glad to present LMT priceaction forecast near future through EWA/EWP.
Subscribe to "Powerful Traders"!
Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis,
Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
Join us!
«« «« «« «« «« Hold Like! »» »» »» »» »»
(If you have questions, comments, write, reply thoroughly!)
You're welcome!!!
Best regards, the team Traders "Powerful Traders".
LMT - crushed by massive Defense sell-offThe last time I published an idea on Lockheed, I had a price target of $360. That target was hit very briefly before a massive Defense sell-off. BA, LMT, NOC, RTN all announced earnings recently and were all hit hard.
LMT is approaching oversold territory (some may argue that it is already in) according to RSI - something we've not seen since the end of 2016. This is a good short-term long opportunity. My target will be $320.
Lockheed - long the post-dividends dipLMT really took off (pun intended) in the days leading up to and following their last earnings report, only to return to the landing strip again before taking another shot at $360. It is now back to home base and looks to be refueling before trying $360 again.
On Friday, LMT scored a sizeable contract with the USAF for training support, and with no shortage of F35 orders, Lockheed looks to be a solid long term play, as well. Especially since they pay dividends.
Lockheed Martin - Evening Doji Star IdeaPossible further decline due to the evening doji star setup and the MACD cross. Could be affected by Trump - Lockheed Martin related news.
Long term investment in Lockheed Martin Corporation If you are interested in warfare technology and you want to invest in stocks long term, you should buy Lockheed Martin Stocks.
The stock prices rose after the innovation of stealth fighter jets,war news.
United State's power is based on that kind of warfare corporations and even in the broken economy cuz of political crisis and war, LMT stocks shall rise.
Investing in LMT stocks can be profitable cuz of US and North Korean crisis.
LMT - Stacking Time to BuyI am stacking LMT with another confirmed reversal, it's back about the 9 day MA, the 50 day, 100 day and 200 day all have a nice slope still. The RSI is above the 50 level and heading up. Stochastic shows upward movement, and the MACD is making a positive cross up (almost)
Stop Loss at 270 - Take Profit (don't know I'm holding for a while)
Drums of War ?Good morning traders,
Sad start of the week, with another terrorist attack in London. Stand together.
This is added to the conflict in Middle East , Qatar breached diplomatic relations with its counterparties in the gulf region, presumably due to support of terrorism.
Reviewing military-related stocks, they are very bullish. Is this drums of war symptom ? Or just trending like rest of the market ?
In any case, have a great trading week , in peace.
Josep Pocalles
Lockheed Martin locks down $1.38B pact for F-35 fighters LMTLockheed Martin (LMT -0.6%) has secured a $1.38B contract with the Pentagon for F-35 aircraft.
The deal is an advance acquisition contract covering 130 F35 Lightning II craft, for the Air Force (about 23%), Navy (about 3%), Marine Corps (9%), non-Department of Defense participants (38%), and foreign military customers (27%) -- as well as another 110 craft for the non-DoD participants and foreign customers.
