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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Lockheed Martin’s stock price closed at $445.13 with a gain of 0.35% during the last intraday session.</a> </li> 
 <li> <span>2</span> <a>LMT stock price falls below 20, 50, 100, and 200-day exponential moving averages (EMAs).</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Lockheed Martin is -7.91%.</a> </li> 
</ul> 
<p>The downtrend of LMT stock started after it faced rejection from the $503 level and fell to form a support at $442.50. The stock price did try to retest the $503 high and gained bullish momentum but it faced strong rejection from $479.50.&nbsp;</p> 
<p>The Quarter 2 earnings result was released on 18 July 2023 which surpassed the estimates but ignited a bearish rally in the price. The move was halted after the release of financial results. The revenue and earnings per share estimates were crushed by the aerospace and security company.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/OLLdCK512hmNnL-1h4otkOdSWAtZ2NjBPpEJPeEbzvvOyjiK0F4tD_X0giM6ypT0lJZY2dfMDbp9xcospK0tw3G6GM5Y7GcfpJPCtIp3CesaXY_OCdxRjrCdYe9PGH78ERY5qLPsRE-C04aOiNo_VA" alt="Lockheed Martin Corp (LMT Stock): Will Price Sustain Above $440?"> 
  <figcaption class="wp-element-caption">
    Source: LMT Stock Price By <a href="https://www.tradingview.com/x/bom4pQt3/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, LMT stock price has reached near the major support level of $442.50. The last candle closed as a bullish candle and formed a support. If the next candle is successful in breaking the high of the last candle, it might rise toward $455 and potentially toward $475 if bullish momentum prevails.</p> 
<p>On the other hand, if <a href="https://www.thecoinrepublic.com/2023/07/28/lockheed-martin-corp-will-lmt-stock-price-rebound-for-460/" target="_blank" rel="noopener noreferrer nofollow">Lockheed Martin stock price</a> breaks $442.50, it might melt toward the next support level of $411 causing a decrease of roughly 7%. The LMT stock price might consolidate for a bit before making any major moves.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-lockheed-martin-strategic-investment-in-south-8-technologies-strong"><strong>Lockheed Martin Strategic Investment In South 8 Technologies</strong></h2> 
<p>Lockheed Ventures, the investment arm of Lockheed Martin, has closed its strategic investment in South 8 Technologies, with the involvement of LG technology ventures which are also existing investors in South 8 Technologies, Foothill Ventures, and Anzu Partners.</p> 
<p>The funding will be used by the company to support the commercialization of LiGas liquified gas electrolyte technology.&nbsp;</p> 
<p>The joint venture between RTX and Lockheed Martin called Raytheon-Lockheed Martin Javelin joint venture recently secured a $117 Million modification to United States Army contract for lightweight command launch units. The estimated completion date is November 30, 2026.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-lmt-stock-price-melt-to-411-level-strong"><strong>Will LMT Stock Price Melt to $411 Level?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/tB7MpBngAB9RGf6dCBxG29qe-YWx-K-ttRHnPwvcGGZf5PyhX49useHTl5JVJttayVXSwDaqY7JLjgUdKD9GIlC5pgmQfrQoW718cuRe6g0x35vJkcyavElDBuOxOwaFFme8GcBWAtsc8COK9HAbow" alt="Lockheed Martin Corp (LMT Stock): Will Price Sustain Above $440?"> 
  <figcaption class="wp-element-caption">
    Source: LMT Stock Price By <a href="https://www.tradingview.com/x/VFQYIpKt/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/28/lockheed-martin-corp-will-lmt-stock-price-rebound-for-460/" rel="noopener noreferrer nofollow">stock price</a> traded below all the major exponential moving averages, indicating bearish momentum. Chaikin money flow (CMF) score has been trading below the 0 mark. CMF previously traded at -0.02 suggesting slight weakness. However, the CMF has spiked from -0.15 (14th August 2023) to the current level which indicates an increase in capital inflow.&nbsp;</p> 
<p>The relative strength index has also dropped below the 50 mark and stands at 42.07 suggesting a rise in bearish pressure over the price. The Bollinger bands have contracted indicating a decrease in volatility.&nbsp;</p> 
<p>LMT stock price reached the lower band of Bollinger which indicates the possibility of pullback toward the 20-day SMA of Bollinger.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The market structure and price action of Lockheed Martin Corporation is bearish after facing rejection from $455. However, the last candle closed as a bullish candle which indicates the possibility of a pullback. Technical parameters suggest bearish momentum in the stock price.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p>Major support: $442.50 and $411</p> 
<p>Major resistance: $455 and $475</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Lockheed Martin Corp (LMT Stock): Will Price Sustain Above $440?

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