LMT 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.
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.