How the (LMT) price action is used to our Advantage

February 28, 2024, 05:56 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LMT

• Buy LMT slightly over 411.86 target 431.69 stop loss @ 410.67 Details

The technical summary data tells us to buy LMT near 411.86 with an upside target of 431.69. This data also tells us to set a stop loss @ 410.67 to protect against excessive loss in case the stock begins to move against the trade. 411.86 is the first level of support below 430.43 , and by rule, any test of support is a buy signal. In this case, support 411.86 would be being tested, so a buy signal would exist.

• Short LMT slightly under 431.69, target 411.86, stop loss @ 432.94 Details

The technical summary data is suggesting a short of LMT as it gets near 431.69 with a downside target of 411.86. We should have a stop loss in place at 432.94though. 431.69 is the first level of resistance above 430.43, and by rule, any test of resistance is a short signal. In this case, if resistance 431.69 is being tested, so a short signal would exist.

Swing Trading Plans for LMT

• Buy LMT slightly over 431.69, target 432.06, Stop Loss @ 430.44 Details

If 431.69 begins to break higher, the technical summary data tells us to buy LMT just slightly over 431.69, with an upside target of 432.06. The data also tells us to set a stop loss @ 430.44 in case the stock turns against the trade. 431.69 is the first level of resistance above 430.43, and by rule, any break above resistance is a buy signal. In this case, 431.69, 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 431.69, target 425.04, Stop Loss @ 432.94. Details

The technical summary data is suggesting a short of LMT if it tests 431.69 with a downside target of 425.04. We should have a stop loss in place at 432.94 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, 431.69, 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 431.69, target 432.15, Stop Loss @ 430.68 Details

If 431.69 begins to break higher, the technical summary data tells us to buy LMT just slightly over 431.69, with an upside target of 432.15. The data also tells us to set a stop loss @ 430.68 in case the stock turns against the trade. 431.69 is the first level of resistance above 430.43, and by rule, any break above resistance is a buy signal. In this case, 431.69, 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 431.69, target 428.95, Stop Loss @ 432.7. Details

The technical summary data is suggesting a short of LMT if it tests 431.69 with a downside target of 428.95. We should have a stop loss in place at 432.7 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, 431.69, 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 February 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	411.86
P2	428.95	425.04	431.69
P3	432.15	432.06	451.91

AI Generated Signals for LMT

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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.