octradr
Long

LMT GETTING READY

NYSE:LMT   LOCKHEED MARTIN CORP
75 3 2
LMT's long-term trend has been up for a long time and is currently trading at a 10% discount from its highs. It held its weekly support of 234.75 and broke out of its short-term resistance of 244.04. It may retest the 234.75 zone but now would be a good time to begin accumulating. 9/23 B4 close

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It looks like it's going to finish the week below the 234.75 support and LMT has earnings next week. This bearish sentiment going into earnings has me nervous and its probably best to watch from the sidelines at this point. 10/14 B4 close
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Looks like it might retest the 235 level soon...any thoughts as to why? Strong dollar, US elections, F-35 woes, profit-taking?
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octradr aikiman
I think it is just testing the short-term support of 238.64 from when it gapped up on 9/19. 235 is still a very strong support on the weekly charts. I would start to worry if a week closes below this level. 10/3 after close.
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