Lockhead Martin LMT is risingLMT is a prominent defense contractor with peer RTX. It is currently showing
It's stuff in Ukraine which may be the beginning of WWIII. The USA's stocks of
its products are depleted. This is a growth stock; no signs of recession for
LMT; it is backlogged USA needs to stockpile after that allies will be
be begging for any surplus as it develops ( think Taiwan and South Korea)
for LMT it is all about fixing supply chains optimizing production and
demanding more than a fair dollar entrenched the monopoly of sorts
with no chance, DOJ will litigate that issue especially given its current
task list
Rising price action MA and RSI divergence are a reflection of
macroeconomic catalysts. Bollinger upper band walk is helpful in confirming
the trend. Recent relative volume spikes may be suggestive of
institutional interest. Positive ADX is supportive. Mass Index
is moderate and stable which discounts any upcoming trend
reversal.
The stock is expensive for retail traders but percentage return is
what it is all about. Contracts can be had for expiration in the fall.
