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What investors think about Lockheed Martin $LMT from here

November 30, 2020, 11:15 am ET, BY Thomas H. Kee Jr - Editor, Stock Traders Daily | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Investors speak with their pocketbooks, this is reflected in the price of equities, and if we pay attention we can tell what they are saying. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Lockheed Martin (NYSE: LMT) report below can help you, but we have more details too. The trading plans for LMT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Technical Summary

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	333.41
P2	374.97	373.00	372.17
P3	380.89	381.75	401.38

⚠Triggers may have already come

Support and Resistance Plot Chart for LMT

Long Term Trading Plans for LMT

November 30, 2020, 11:15 am ET

The Technical Summary and Trading Plans for LMT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LMT Report.

LMT - (Long) Support Plan

The technical summary data tells us to buy LMT near 333.41 with an upside target of 372.17. This data also tells us to set a stop loss @ 332.45 to protect against excessive loss in case the stock begins to move against the trade. 333.41 is the first level of support below 369.685 , and by rule, any test of support is a buy signal. In this case, support 333.41 would be being tested, so a buy signal would exist.

LMT - (Short) Resistance Plan

The technical summary data is suggesting a short of LMT as it gets near 372.17 with a downside target of 333.41. We should have a stop loss in place at 373.24 though. 372.17 is the first level of resistance above 369.685, and by rule, any test of resistance is a short signal. In this case, if resistance 372.17 is being tested, so a short signal would exist.