Update Moving along the defined channel nicely even though SPY is weak. Should arrive on or above target by ER. NYSE:LMT
4LMT trade ideas
LMT Going into EarningsLMT is down over 15% from it's highs in February mostly due to Trump's trade war. The chart has formed a head and shoulders pattern, then turned down and formed a cup & handle pattern. The cup is short in length and V shaped, however, the company has been signing contracts and making new sales all the while. I believe revenue and earnings will beat expectations and the stock will rally to at least the $322-$325 range.
LMT Oversold and Extended Below MAs, 6-10% OpptyLockheed Martin Corp LMT is currently well oversold and over-extended below the short and long term MAs. A bounce from this area allows for 6-10% targets based on price structure.
Buy LMTHourly
green outside
four price doji
Stoch showing oversold approx. 5 like WTBleep?!
S/L 300
T/P 308.42
R/R 3.0
Play the gap to fill
then look for reversal lower
buyers/demand zone
expect voaltility
LMT Detected possible contract awarded!!!LMT: lockheed martin corp
2018-06-25 08:55:56
Detected possible contract awarded
Oversold in all time framesTechnical indicators show that LMT is oversold on daily, weekly, and monthly timeframes. Currently at a double bottom. Once CCI crosses -100, it will be a buy.
Lockheed Martin Corporation.Hello Traders.
Glad to present LMT priceaction forecast near future through EWA/EWP.
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LMT another small shorting opportunitySimilar to URI, I think we see a dive into the green box for 2 at which point it would be a nice long. For now, I will likely initiate a small short position
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 $320.
Pay attention to LMT as war bells are ringingTime to watch LMT closely as the war bells rings in the Middle East.
This is not a trading advice and I am not responsible for any losses may occur from following this trade.DYOR
DOUBLE TOP PATTERN OF LOCKHEED MARTIN CORP (LMT)DOUBLE TOP PATTERN OF LOCKHEED MARTIN CORP (LMT)
.-A and C points form the tops
.-Point D close the pattern
.-Volume is lighter and diminishing before the second peak and increases in the point C
.-The height of the top projected downward indicate the expected price in short position ($ 293,94)
.-A return back to point D is not unusual, but price must return down.
.-Simple moving average confirms the trend
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 illogical reaction on positive news = buying oppLMT bleeped on my radar just now as it went down more than 7% despite going up by 1% in pre-market.
The move came in after new results were out, I'll quote some of them and you be the judge if this fall is organic:
"- earnings of $1.2B, or $4.02 per share, compared to $78M, or $2.69 per share, in the same quarter a year ago.
- Quarterly cash deployment: Cash from operations of $632M after pension contributions of $1.5B; Capex $216M; Repurchased 900K shares; Paid cash dividends of $586M; Record backlog of $105B.
-Raised outlook for 2018: Diluted earnings per share (GAAP) of $15.80-$16.10 (from $15.20-$15.50), on net sales of $50.35B-$51.85B (vs. $50B-$51.5B)."
Absolutely a buy in my book, would give it one more day to see where it will consolidate, but expecting the comeback to be swift as it has been each time the previous pullbacks occurred.
Buy LMT On This PullbackLMT has dropped from an all time high and has retested the support zone as highlighted in the rectangle in the chart.
As you can see, LMT has an upward sloping 50 and 200 day SMA. This shows that LMT is in a solid uptrend. Although we are currently below the 50 day SMA, we are still well above the 200 day SMA.
Trade Idea: Now would be a good time to buy a half position. You can buy another half on a dip to the 325-330 zone. Your stop loss is just below 325, and your profit exit is around 360. You risk 10 dollars for a reward of 20 dollars. That is a good risk:reward ratio.
Lockheed Martin, time to sell until earnings report This stock is overbought or to much supplies, looks like Bearish Time until next Earnings. Please refer to chart.
LMT support LMT very close to support. Will clear out in the next couple of days if support is established or its going south.
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.
LMT Sort OpporunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to find an entry price within the expected pull back zone (330.07 - 331.92) as previously back tested.
We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Market is currently closed. No market activity presented so far. We ll try to find an entry price between 330.07 - 331.92 just after the opening bell.
CCI diverges the price crossing down the zero level as well as shown in the chart.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$LMT Symmetrical TriangleEntered Feb 16 $352.5 calls when price crossed above $345 / share on triangle upside break. Got in for $1.3/contract. Risk if fall back into triangle (then I'm out).
LMT not following the restThe thing about Lockhead Martin is that most of their profit comes from government defense contracts = US kicking someone's ass. So the stock does not follow so much the rest of the market.
*If you don't care about fundamentals skip the next part*
Namely, while most stocks have encountered a technical resistance of the various high levels of this bear market and began a sell off this week. LMT did not care. The stock pushed higher and drew a red candle only on Friday, when the rest of the markets (twitter especially) were filling up their pants. The reason for that is the fact that the stock price did not recover in 2009. The reason was that the US government while saving money did not give LMT business. (Not going to produce rockets and aircraft while the people still remember the recession).
Instead the company got their business back in late 2012. So their ascending pattern was drawn then, and it was holding long.... very long... until recently it broke the patterns resistance, which began to provide support. (bold yellow lines).
In my opinion the LMT held and gained because Trump kept pushing the US Congress into keeping defense spending unchanged = not taking business away from LMT. So if they approve no changes or an increase to the military LMT will still produce profits in the upcoming years. + they beat their earnings last week.
*continue here*
The stock price is trading in a medium ascending pattern (purple lines). The upper trend line of the pattern has not been yet touched, but, if one uses it to draw Fibonacci retracement levels, then they confirm a point on the medium term patterns trend line as a high point.
However, there exist junior patterns to the mentioned channel. To be exact, there are two of them (black lines).
In general, to keep it short! Price hit resistance of dominant up channel, formed a junior downard pattern, which is set to meet the dominant one's support. Afterwards, it remains to be seen, whether the support gets passed or forces a new rebound, which reaches the upper trend line of the previously mentioned long term ascending pattern.
P.S. There is loads of stuff in regards to LMT that is very particular just to it, but I like this stock as my "Lord of War" or "Murder Money." So feel free to ask questions and comment.
Yours sincerely,
Y
