Lockheed Martin may rise to 489.00 - 494.00

467 is our pivot point.

Our preference

The upside prevails as long as 467 is support.

Alternative scenario

Below 467, expect 460 and 455.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 467.1175 and 465.8834).

Supports and resistances

498 **

494 *

489 **

485

474.59 (USD-last)

470

467 **

460 *

455 **

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