LMT trade ideas
Break 21eMA $303.75 Mth + 9eMA $304.50 DConsolidate/Buy Opp into eMA 4 Long-term Swing
Missile/Defense Budget Zero Party Bias
Recent Pull back creates buying opportunity with Break past $300, to the eMA Lines mentioned (for conviction), NOTE Heikin-Ashi Candle Potential Sentiment/Swing Trade Setup on Daily Chart
#tekmunnee Strategy would be to play Long Shares, if Options, At The Money or near Strike out 6+ Months
My Optimistic Case would be to test ATH, and Potentially $385 Target as a Swing Trade
Historically, Congress, has zero political bias on Military Spending
Hyper-sonic Missile Threat is Critical for USA and Pentagon Funding supporting expansion and expediting as Russia has deployed & India has technology + Capability to deploy.
BONUS: Barron's Cover Story Pump 11/3/2018
$RTN $NOC benefit from Missile Spending
LMT breakout today cup& handleThis stock is breaking out today as it has made a new high at 333$. To be aggressive, I bought the november 332.50 call strike for 9.90 per contract (990$ invested) and looking for the stock to go from 333$ to 350$ a share. Once i am profitable of atleast 20%, im going to write a sell call to decrease my risk. if you want to play this stock, you can buy the 3x etf DFEN which has broken out to new highs. Thanks for reading