Lockheed Martin may rise to 482.00 - 486.00

Our pivot point stands at 458.

Our preference

Our next up target stands at 482.

Alternative scenario

The downside breakout of 458 would call for 451 and 448.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 464.686 and 465.0024).

Supports and resistances

490 **

486 *

482 **

478

468.58 (USD-last)

461

458 **

451 *

448 **

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