LMT trade ideas
Buy $LMT - NRPicks 24 SepLockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration and maintenance of systems. It operates through: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Revenue TTM 66.8B
Net Income TTM 7.1B
EBITDA TTM 10.2B
Net Margin TTM 10.8%
EBITDA margin TTM 15.3%
P/E 13.39
P/S 1.43
Dividend yield 3.2%
$LMT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $LMT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
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Massive Diamond Top/Symmetrical Triangle in LMTLMT is printing, and about to complete a MASSIVE diamond top after an 8 year nearly parabolic uptrend netting it over 350% or $345.
The pattern suggests an implied move of about -44% for the symmetrical triangle if it breaks down, and -57% or roughly -$200 for the diamond top.
If Tradingview's Fixed range indicator was working I'd have some volume analysis for you, but just using the visible range there is next to nothing besides air between it and the measured moves and 1.618 extension at $164.97.
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Possible stop under C. If price goes more than a few dollars under C, the pattern is no longer valid.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