Lockheed Martin may fall to 432.00 - 437.00

Our pivot point is at 466.

Our preference

The downside prevails as long as 466 is resistance.

Alternative scenario

The upside breakout of 466 would call for 476 and 481.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 464.7475 and 462.2718).

Supports and resistances

481 **

476 *

466 **

462

458.34 (USD-last)

443

437 **

432 *

426 **

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