I think we're seeing a double bottom for Lockheed. I'd consider a trigger @ $194 for a small upside breakout
$198.4 is a second resistance point to a higher level upside trend. However, I don't expect to see $198.4 broken until Q3 of 2015 at the earliest on little/no news.
Using Dow Theory, I see us being in a long accumulation phase of a bullish primary trend.
If we break the $86 resistance we could go into another bullish public participation phase.
If we drop below $78.4 we could see a bearish public participation phase.
Applying some Dow Theory, I see us currently being inside of a large accumulation phase of a bullish primary trend. There is the possibility of a breakout into another bullish public participation phase if we break $86. However, if we drop below $78.4 I see us entering into a bearish public participation phase.