When the Price of (LMT) Talks, People Listen

December 31, 2024, 13:22 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LMT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short LMT slightly under 516.06, target n/a, stop loss @ 517.55 Details

The technical summary data is suggesting a short of LMT as it gets near 516.06, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 517.55. 516.06 is the first level of resistance above 483.005, and by rule, any test of resistance is a short signal. In this case, if resistance 516.06 is being tested, so a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 488.21, target 516.06, Stop Loss @ 486.8 Details

If 488.21 begins to break higher, the technical summary data tells us to buy LMT just slightly over 488.21, with an upside target of 516.06. The data also tells us to set a stop loss @ 486.8 in case the stock turns against the trade. 488.21 is the first level of resistance above 483.005, and by rule, any break above resistance is a buy signal. In this case, 488.21, 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 488.21, target 477.96, Stop Loss @ 489.62. Details

The technical summary data is suggesting a short of LMT if it tests 488.21 with a downside target of 477.96. We should have a stop loss in place at 489.62 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, 488.21, 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 483.97, target 488.21, Stop Loss @ 482.84 Details

If 483.97 begins to break higher, the technical summary data tells us to buy LMT just slightly over 483.97, with an upside target of 488.21. The data also tells us to set a stop loss @ 482.84 in case the stock turns against the trade. 483.97 is the first level of resistance above 483.005, and by rule, any break above resistance is a buy signal. In this case, 483.97, 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 483.97, target 477.96, Stop Loss @ 485.1. Details

The technical summary data is suggesting a short of LMT if it tests 483.97 with a downside target of 477.96. We should have a stop loss in place at 485.1 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, 483.97, 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 December 31:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	516.06
P2	483.97	477.96	562.41
P3	490.04	488.21	611.57

AI Generated Signals for LMT

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lockheed Martin Corporation (NYSE: LMT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LMT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.