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1LMT trade ideas

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.
NYSE:LMT
by lauralea
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.
NYSE:LMTLong
by KIKABOON
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.
NYSE:LMTLong
by iAmPLEB
Lockheed Martin (LMT) Symmetrical TriangleLMT has been consolidating within this range 380-397 for about two weeks now, although yes a symmetrical triangle can result in either up or downward moves, Im willing to bet we see a continuation in its current price pattern up until it meets resistance at the Fibonacci extension/resistance of 402.50 which would be over a 4% move from the apex of the triangle, it will most likely need more time to consolidate but current market conditions have been rather bullish, so I'm hoping for a pre mature break from this pattern, I'm looking at June 18 402.5 calls. Will update if anything changes.
NYSE:LMTLong
by DirtyDan99