Lockheed Martin may rise to 489.00 - 495.00

Our pivot point stands at 458.

Our preference

As long as 458 is support look for 489.

Alternative scenario

The downside breakout of 458 would call for 448 and 442.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 466.1395 and 461.655).

Supports and resistances

501 **

495 *

489 **

483

467.46 (USD-last)

462

458 **

448 *

442 **

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