Lockheed Martin is neutral

Our pivot point is at 456.

Our preference

Look for a drop towards 456 before a bounce.

Alternative scenario

Below 456, expect 446 and 440.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 463.83 and 463.19).

Supports and resistances

500 **

494 *

488 **

482

467.6 (USD-last)

459

456 **

446 *

440 **

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