TradingTechs

LMT testing Trendline since 2013

TradingTechs Updated   
NYSE:LMT   Lockheed Martin Corporation
LMT took its turndown along with the rest of the market in recent week and is currently testing a trendline that has been in place since 2013. Watch closely for the break lower.
Comment:
Clean break as discussed above. Took out bottom at around 290 and should be heading lower. First major support levels between 257-267 (previous high resistance and 38.2% Fib)

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