When the Price of (LMT) Talks, People Listen

November 08, 2024, 19:42 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LMT

• Buy LMT near 564.82 target 606.25 stop loss @ 563.19 Details

The technical summary data tells us to buy LMT near 564.82 with an upside target of 606.25. This data also tells us to set a stop loss @ 563.19 to protect against excessive loss in case the stock begins to move against the trade. 564.82 is the first level of support below 566 , and by rule, any test of support is a buy signal. In this case, support 564.82 is being tested, a buy signal would exist.

• Short LMT slightly under 606.25, target 564.82, stop loss @ 608 Details

The technical summary data is suggesting a short of LMT as it gets near 606.25 with a downside target of 564.82. We should have a stop loss in place at 608though. 606.25 is the first level of resistance above 566, and by rule, any test of resistance is a short signal. In this case, if resistance 606.25 is being tested, a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 606.25, target n/a, Stop Loss @ 604.5 Details

If 606.25 begins to break higher, the technical summary data tells us to buy LMT just slightly over 606.25, with an upside target of n/a. The data also tells us to set a stop loss @ 604.5 in case the stock turns against the trade. 606.25 is the first level of resistance above 566, and by rule, any break above resistance is a buy signal. In this case, 606.25, 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 606.25, target 564.82, Stop Loss @ 608. Details

The technical summary data is suggesting a short of LMT if it tests 606.25 with a downside target of 564.82. We should have a stop loss in place at 608 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, 606.25, 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 606.25, target n/a, Stop Loss @ 604.84 Details

If 606.25 begins to break higher, the technical summary data tells us to buy LMT just slightly over 606.25, with an upside target of n/a. The data also tells us to set a stop loss @ 604.84 in case the stock turns against the trade. 606.25 is the first level of resistance above 566, and by rule, any break above resistance is a buy signal. In this case, 606.25, 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 606.25, target 564.82, Stop Loss @ 607.66. Details

The technical summary data is suggesting a short of LMT if it tests 606.25 with a downside target of 564.82. We should have a stop loss in place at 607.66 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, 606.25, 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 November 08:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	524.26
P2	548.89	534.25	564.82
P3	554.98	548.86	606.25

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.