Lockheed Martin may fall to 437.00 - 442.00

Our pivot point stands at 473.

Our preference

Target 442.

Alternative scenario

Above 473, look for 481 and 487.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (465.776) but above its 50 day moving average (457.8922). Finally, Lockheed Martin has penetrated its lower daily Bollinger band (459.71).

Supports and resistances

487 **

481 *

473 **

469

458.48 (USD-last)

447

442 **

437 *

432 **

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