Lockheed Martin (LMT)
... $Lockheed Martin (LMT.US)$ ... The stock broke out of an ascending triangle pattern back in mid-July, consolidated a bit and now appears to be possibly preparing for perhaps another parabolic run.
Despite a persistently technically overbought RSI reading that is nearing its own two-month mark, the stock appears to be gearing up for maybe another run. The daily MACD, which has started to look bearish, now has a 12-day EMA curling upward back towards its 26-day EMA as the histogram for the 9-day EMA that had gone negative, appears to be headed back for positive territory. The average target for top-rated analysts according to TipRanks is $579.73.
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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scarlight : even so I am not comfortable with such volatile stock. Based on TA it will even drop more tomorrow