gtrades

LMT ready for breakout or double top?

BATS:LMT   LOCKHEED MARTIN CORP
122 0 0
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 .
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