4LMT trade ideas
ABC BullishTarget is D.
Possible stop under C. If price goes more than a few dollars under C, the pattern is no longer valid. There is a gap from a while back under price and movement down halted here for now. There is also a gap over price from a several months ago at 386ish. (red line) If price stalls here again and you were in this, It may be a good time to re-evaluate your position. There will be resistance on the way up from aging price levels, and folks who are stuck up there in financial pain who will sell on any rally that comes their way.
LMT fell from a rising wedge, then had quarterly earnings that were not received well.
Candle tail inverse head and shoulders noted above C. Pocket pivot also noted under C. (green triangle)
Pocket pivots are a way to identify institutions' footprints within a base or an uptrend. Institutions buy within consolidation periods and during uptrends. This buying will leave behind a volume signature, and that volume signature is called a pocket pivot. The definition of a Pocket Pivot is the day’s volume must be larger than any of the down volume days in the prior 10 days.
Negative volume is very high which exhibits smart money interest. Short interest is around 1% which is on the low side. PE is 13.49 EPS 26.84
Revenue appears to be growing quarterly.
Price is below the 50 SMA and the moving averages need work as they are looking droopy except the 200 which is flat. Price is struggling to get above the 200. Moving averages are a lagging indicator compared to price, and it is not unusual to see the averages looks sickly after a deep pull back such as this. Some would prefer to see price steadily above the 50 and the 200 before buying, as well as the 50 over the 200.
Everyone has a different style of trading I suppose and not everyone enjoys bottom fishing or pull back fishing. They just do not enjoy this sport (o: and it can be risky as you can catch stingrays down there. Bottom fishing can be as risky as buying tops. It is very possible to buy and price does not move much for what seems like eons, or it can always continue down. I enjoy it, but we are all different. It is financially rewarding when I catch one at the right time. Mr. Market rarely does the same thing twice.
I did not put the moving averages on the chart as the chart was looking too busy, but you can add them and take a look.
Price fell out of the bottom band but has snapped back inside for now. Depending on the security and on market sentiment, this can be a bearish signal and price could continue down. In other cases it is bullish in a roundabout way as price tends to return to the bands, bottom bouncing, and often will trade to the middle band at least. I ask myself, is there a reason LMT may move up right now, other than the fact I think it is possibly undervalued at this price?
No recommendation
LMT/Lockheed is screaming further bear action. LMT chart is telling me a further bear swipe might take more value off the defense juggernaut.
LMT at Retracement LevelLMT price action this week has begun confirming support at the 50% Retracement of the 2021 bull trend. Price has slowed down and held it for multiple days with a volatility spike adding confirmation yesterday. It is now setting up for optimum short term risk to enter.
LMT tradeI think $LMT is ready to bounce as a c wave to the 1.618 fibo. This is the 50% fibo and longterm trendline for a leading diagonal setup
LMT???Looks like a big symmetrical triangle...can breakout either bullish or bearish. I am currently in a long position.
LMT BIAS: UPThe price has broken away from the channel and ranging. Volume of buyers is increasing. Short term bullish is expected. Make sure to apply SL and TP for your trade.
$LMT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LMT after a Negative over reaction following its earnings release placing the stock in drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Ghost Feed Long. Money printer go whirrrrrrrrCasual reminder that microwaves are for popcorn, not Taco Tuesday's.
Loving that bass though.
Energy efficiency is good for the environment.
LMT Daily LongNYSE:LMT long setup:
Entry above Friday's high at 384.89
Stop Loss under June 29th low at 372.75
Profit target 442.03
Risk/Reward 4.71
Go long LMTTrading in a channel with some healthy consolidation. 50 day SMA passed through 200 day SMA (Golden Cross)
Trading at a discount with only a 15 P/E ratio.
Fair Value Estimate from Morningstar: $436
Implied Upside from Last Close: 15%
Lockheed just landed a big sale to Switzerland of their F15 jets beating out Boeing
Cup and Handle Earnings 7/27LMT appears to have gotten caught up in a rising wedge and broke the bottom trendline, which makes the pattern valid. There is a bullish falling wedge at the bottom of the cup.
Also a cup and handle pattern with prior price rejection at long entry level. Hard to know since the bearish rising wedge was interfering.
Negative volume is high. Short percent is 1.28%. Short interest is the percentage of share float that has been sold short but has not yet been covered or closed out. Short interest is an indicator of market sentiment. Extremely high short interest shows investors are very pessimistic.
EPS (FWD)
26.64
PE (FWD)
14.20
Div Rate (FWD)
$10.40
Yield (FWD)
2.75%
Fundamentals are good, but need the sector to move.
No recommendation.
Earnings are 7-27.
Positive swing trade on LMTWe have seen multiple waves of selling with the symmetrical triangle looking to narrowing the range. The selling wave has dramatically reduced and there is a strong wave of buying starting since March this year. Toward the end of July, we will be expecting the earning report. The breakout generally occurs in the direction of the existing trend, and I will take this chance to time my long position along the 500 MA line and looking to profit from a breakout. Stop loss will be triggered outside the support line.
LMT ready to shoot upLMT forming an ascending triangle on the daily, nicely bouncing off the 50 MA and key fib levels. I will be watching LMT as it breaks out of key resistance at $400.
LMT Long for breakoutNice consolidation past few weeks, hammered sma 50 today. Might be a good candidate for recovery to pre-covid levels above $400.
LMT bull? LMT appears to have completed three legs down to a support line, which is in confluence with the 50 day ma. This price action also paints a possible inverse head and shoulders. Could be a possible first leg up for a 3 leg move. Watching for a possible melt up out of the .5-.62 fib level, trend line break for possible leg 2 for a quick buck or two.
Don't trade this set up, this isn't financial advice. See the nickname? Not a professional here, just drawing pretty lines on a x-y graph.
LMT: The Stealth Bomber Trade?Interesting recent strength in aerospace last week as LMT has made a sudden push up into it's ~405 pivot. Time will tell how this thing plays out but could be an interesting pick in the current political environment as well. Key levels
$LMT PULLBACK TO 50MA$LMT PULLBACK TO 50MA DOJI TYPE CANDLE SO FAR WILL NEED CONFIRMATION EOD. ADD IT TO THE WATCHLIST
LMT looking for $320ish Ok, I don't trade this stock. Earlier in the month in meditation I heard "Lockheed downgrade on 21st".
So, regardless, today it's breaking to the downside with a daily squeeze and I like the odds to the downside. My dowsing says a 17% drop is in the works.
Let's see if there's any news or just some dumpage. Or, perhaps it's all a dream! Peace.
Is Lockheed Martin going to ATH?It's only my idea, and my first one, so please leave a comment with your thoughts about it:)
We can see that LMT broke a long downtrend with strength, bumped into a strong resistance at 390 area, made a correction and got into a triangle pattern which if it breaks might go to try the 390 again and break it.
If it does we can look to TP first on 415 area, and then the second TP on 440 and ATH area.
Good Luck everyone!
