Lockheed Martin may rise to 490.00 - 496.00

457 is our pivot point.

Our preference

The upside prevails as long as 457 is support.

Alternative scenario

The downside breakout of 457 would call for 447 and 441.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 465.5415 and 464.6828).

Supports and resistances

502 **

496 *

490 **

484

467.1 (USD-last)

461

457 **

447 *

441 **

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