Consolidation is Over!!!The consolidation trend has changed and now the target is 240. Support is 200. I'll give it 2 weeks to hit the target. 2/25 after close
LMT trade ideas
LMT - Strong R/S. GAP DOWN Opportunity to BUY at $202-$205Stock is very strong relative to overall market. Closed September '15 gap on Tuesday's huge downside gap. The gap suspiciously followed a strong earnings number and a positive value deal announced. Institutional ownership very strong and a lot of fund money wants in but there's very little stock available. Tuesday's conspicuous gap to the downside is possibly a Specialist attempt to create the volume to start crossing some large institutional tickets on the book. I would be a buyer of this stock between $202-$205 with an upside short term target of $212 and $217. Stop below $202 area (dealer's choice)
LMT Short [Monthly]Chart is not detailed I there aren't that many channels to be drawn but its a pretty solid bet
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.
LMT Lockheed Martin $177 targetFollow up to y'day post. I sold into strength this morning as planned. Mild support at $181.15 then $177.07 & $176.04. Trim & trail my longs.
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 measured moveLMT put in a motive wave, retraced and then put in another motive wave of the same % move. Frost and Prechter in their book said this is a common occurrence so i've been watching and sure enough here it is.
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.
