Global Mitary Events Fuel LMT GrowthUnrelated to any sort of technical analysis but I've noticed that any large-scale global military event seems to be a catalyst for growth in LMT as shown by the markers indicating the dates that the respective events began, which are followed by a long uptrend. Although LMT holds no contracts within Russia, Ukraine or Iraq, these military events create unrest globally and fuel defense spending. Keeping an eye on the news, especially with the recent ending of the Russia/Ukraine cease fire. Long LMT.
4LMT trade ideas
LMT Lockheed Martin just hit a ceiling Dec 23rdAll indications I see are showing a set up to $177 - 176 zone. Supply has been coming in above $178 and now on approach to $200. I am long LMT. I am taking off a portion of this position Monday morning. I wrapped up early Fri and didn't catch my alert in time even though my #2 Excess Supply signal calculated Friday morning. My first stop is in the $160's. My avg is $100 between $130. LMT Lockheed Martin is one of my largest holdings. At 3 absolute deviations above a 15 year regression, the statistical gods are not with me. Trim & Trail kids.
LMT ready for breakout or double top?LMT has shown strength in the past week despite the choppiness in the market. However, with the negative divergence in the RSI, and anemic volume, I would be careful to see whether if this is a double top or if it can gather enough momentum to make new highs.
I would go long above 108.55 only if I see volume expansion, but would not short until it breaks the ascending trendline.