How the (LMT) price action is used to our Advantage
March 19, 2024, 22:26 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LMT
- Buy LMT slightly over 429.16 target 448.6 stop loss @ 427.92 Details
The technical summary data tells us to buy LMT near 429.16 with an upside target of 448.6. This data also tells us to set a stop loss @ 427.92 to protect against excessive loss in case the stock begins to move against the trade. 429.16 is the first level of support below 437.19 , and by rule, any test of support is a buy signal. In this case, support 429.16 is being tested, a buy signal would exist.
- Short LMT slightly under 448.6, target 429.16, stop loss @ 449.9 Details
The technical summary data is suggesting a short of LMT as it gets near 448.6 with a downside target of 429.16. We should have a stop loss in place at 449.9though. 448.6 is the first level of resistance above 437.19, and by rule, any test of resistance is a short signal. In this case, if resistance 448.6 is being tested, a short signal would exist.
Swing Trading Plans for LMT
- Buy LMT slightly over 437.91, target 448.6, Stop Loss @ 436.65 Details
If 437.91 begins to break higher, the technical summary data tells us to buy LMT just slightly over 437.91, with an upside target of 448.6. The data also tells us to set a stop loss @ 436.65 in case the stock turns against the trade. 437.91 is the first level of resistance above 437.19, and by rule, any break above resistance is a buy signal. In this case, 437.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LMT slightly near 437.91, target 433.81, Stop Loss @ 439.17. Details
The technical summary data is suggesting a short of LMT if it tests 437.91 with a downside target of 433.81. We should have a stop loss in place at 439.17 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 437.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for LMT
- Buy LMT slightly over 437.91, target 448.6, Stop Loss @ 436.89 Details
If 437.91 begins to break higher, the technical summary data tells us to buy LMT just slightly over 437.91, with an upside target of 448.6. The data also tells us to set a stop loss @ 436.89 in case the stock turns against the trade. 437.91 is the first level of resistance above 437.19, and by rule, any break above resistance is a buy signal. In this case, 437.91, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short LMT slightly near 437.91, target 435.95, Stop Loss @ 438.93. Details
The technical summary data is suggesting a short of LMT if it tests 437.91 with a downside target of 435.95. We should have a stop loss in place at 438.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 437.91, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Lockheed Martin Corporation (LMT) available here: LMT.
LMT Ratings for March 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
410.04 |
| P2 |
433.36 |
433.81 |
429.16 |
| P3 |
435.95 |
437.91 |
448.6 |
AI Generated Signals for LMT
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Lockheed Martin Corporation (NYSE: LMT) data table below can help you with price action, and we have more details too. Trading plans for LMT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LMT:
pool ads
