NYSE:LMT The stock gapped up and opened inside the expected channel and then immediately sold off. It then bounced off the 50 day MA.
The day MA also crossed the 200 day MA at the same time, forming a Golden Cross, leading me to believe there is still more upside to this move.
MCD is down ~10% from it's highs, forming a cup & handle going back to 06/27. Today's news regarding food borne illness in the salads around the midwest has pushed the SP down to $159.12 in to day's after hours market. I believe the price will start to recover next week headed into earnings due to higher margins resulting from the ongoing automation of their...
LMT is down over 15% from it's highs in February mostly due to Trump's trade war. The chart has formed a head and shoulders pattern, then turned down and formed a cup & handle pattern. The cup is short in length and V shaped, however, the company has been signing contracts and making new sales all the while. I believe revenue and earnings will beat expectations...
