When the Price of Lockheed Martin $LMT Talks, People Listen

October 08, 2023, 04:45 am ET, BY Rick W.- 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 416.52, target n/a, stop loss @ 417.72 Details

The technical summary data is suggesting a short of LMT as it gets near 416.52, 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 417.72. 416.52 is the first level of resistance above 400.73, and by rule, any test of resistance is a short signal. In this case, if resistance 416.52 is being tested, so a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 400.81, target 416.52, Stop Loss @ 399.65 Details

If 400.81 begins to break higher, the technical summary data tells us to buy LMT just slightly over 400.81, with an upside target of 416.52. The data also tells us to set a stop loss @ 399.65 in case the stock turns against the trade. 400.81 is the first level of resistance above 400.73, and by rule, any break above resistance is a buy signal. In this case, 400.81, 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 400.81, target 393.20, Stop Loss @ 401.97. Details

The technical summary data is suggesting a short of LMT if it tests 400.81 with a downside target of 393.20. We should have a stop loss in place at 401.97 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, 400.81, 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 400.81, target 416.52, Stop Loss @ 399.87 Details

If 400.81 begins to break higher, the technical summary data tells us to buy LMT just slightly over 400.81, with an upside target of 416.52. The data also tells us to set a stop loss @ 399.87 in case the stock turns against the trade. 400.81 is the first level of resistance above 400.73, and by rule, any break above resistance is a buy signal. In this case, 400.81, 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 400.81, target 397.65, Stop Loss @ 401.75. Details

The technical summary data is suggesting a short of LMT if it tests 400.81 with a downside target of 397.65. We should have a stop loss in place at 401.75 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, 400.81, 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 (LMT) available here: LMT.

LMT Ratings for October 08:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	416.52
P2	393.54	393.20	443.35
P3	397.65	400.81	466.73

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 (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.