Lockheed Martin price tries to vent off overbought saturation - Forecast today - 02-04-2024

Economies.com
2024-04-02 14:16PM UTC

Lockheed Martin’s stock price (LMT) fell in the intraday levels on profit-taking, while venting off overbought saturation in the RSI, with negative signals coming out of them, while gathering positive momentum to rise anew, amid the dominance of the upward correctional trend in the short term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher and target the resistance of $466.27, provided the support of $445.00 holds on.

 

Trend forecast: Likely Bullish 

 

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