Lockheed Martin Corporation (LMT) – stock is trading around $393.98 dollars as of September, 18, 2019 and offering a possible buying price between $385.88 – $405.17. Let’s look at the stocks technical actions using a weekly chart.
2. The stock breakout in end of April. It look a while even after the general market got recovered.
3. The stock immediately went into a consolidation and held on to the breakout gains.
4. Then the stock had a steady and nice run ones it cleared the consolidation.
5. The stock found support at the 50 day moving average line throughout the run.
6. It recently tested that the line, but ended at top price range for the week.
7. The stock is offering possible buying price between $385.88 – $405.17, with a stop loss at $355.01.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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