Lockheed Martin may rise to 488.00 - 495.00

Our pivot point is at 458.

Our preference

As long as 458 is support look for 488.

Alternative scenario

The downside breakout of 458 would call for 448 and 442.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 466.073 and 460.3052).

Supports and resistances

501 **

495 *

488 **

482

468.89 (USD-last)

462

458 **

448 *

442 **

Number of asterisks represents the strength of support and resistance levels.