Lockheed Martin Corp (LMT): Price Now Near $380.81; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for LMT

At the moment, LMT (Get Ratings)’s price is up $0.21 (0.06%) from the hour prior. This is the 2nd hour in a row LMT has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on LMT; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

LMT ranks 1st in terms of today’s price percentage change out of Defense stocks.

LMT’s Technical Outlook on the Daily Chart

At the moment, LMT’s price is up $2.85 (0.75%) from the day prior. This is the 2nd day in a row LMT has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows LMT’s price action over the past 90 days.

LMT

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