Lockheed Martin may rise to 593.00 - 604.00

528 is our pivot point.

Our preference

The upside prevails as long as 528 is support.

Alternative scenario

Below 528, expect 511 and 500.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 495.438 and 477.124).

Supports and resistances

614 **

604 *

593 **

582

548.77 (USD-last)

535

528 **

511 *

500 **

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