Lockheed Martin may rise to 642.00 - 652.00

Our pivot point stands at 590.

Our preference

The upside prevails as long as 590 is support.

Alternative scenario

Below 590, expect 574 and 564.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 594.3785 and 575.4886).

Supports and resistances

662 **

652 *

642 **

633

612.83 (USD-last)

596

590 **

574 *

564 **

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