Lockheed Martin confirms breach of pivotal resistance - Analysis - 08-11-2022

Economies.com
2022-11-08 12:46PM UTC

Lockheed Martin Corporation's stock (LMT) returned higher in the intraday levels amid the dominance of the main upward trend in the medium and short term, with positive pressure from the 50-day SMA, confirming the breach of the pivotal resistance of 474.45, with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more gains for the stock, targeting the first resistance of 509.00, provided it holds above 474.45. 

 

Expected trend for today: Bullish

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