Lockheed Martin may fall to 519.00 - 533.00

Our pivot point stands at 627.

Our preference

Under pressure below 627.

Alternative scenario

The upside breakout of 627 would call for 652 and 666.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 600.2175 and 579.5766).

Supports and resistances

666 **

652 *

627 **

618

576.98 (USD-last)

546

533 **

519 *

506 **

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