Momentum

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LMT stock price is close to the 100 day EMA near $450.</a> </li> 
 <li> <span>2</span> <a>Buyers are gaining strength and are trying for a reversal.</a> </li> 
</ul> 
<p>Lockheed Martin Corporation (NYSE: LMT) LMT stock has attained a reversal and has exited the falling channel indicating that the buying interest developed in the last trading sessions. Moreover, the price action shows that LMT stock price has surpassed the 20 day and 50 day EMAs and is close to the 100 day EMA. Furthermore, the chart shows the channel breakout and bulls are interested in extending the ongoing momentum and are likely to retain the swing of $450. LMT stock will post its Q2 results on October 17. Buying interest has begun, which showcased that big players are making long positions.</p> 
<p>LMT stock price was trading in a downtrend and faced selloff in the past sessions, but buyers are now trying to flip the trend and attempting a pullback and somehow succeeds in attaining momentum which was replicated in the past trading sessions. As per the options chain, at the strike price of $440, a massive open interest of 1839 hundred shares on the call side shows a strong resistance mark.&nbsp;</p> 
<p>At press time, LMT stock price was $441.06 with an intraday gain of 1.59%, suggesting the last trading session was bullish. Moreover, the trading volume increased by 0.45% to 1.56 Million. Market cap is $111.073 Billion. Furthermore, analysts maintained a neutral rating with a yearly target price of $486.50, suggesting a growth outlook for the coming sessions.</p> 
<p>Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-lmt-stock-reach-450-ahead-of-q2-results-strong"><strong>Will LMT Stock Reach $450 Ahead of Q2 Results&nbsp;</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426.png" alt="LMT Stock Gaining Momentum Ahead of Q2 Results, What Next?" class="wp-image-175989" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-426-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: LMT Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, LMT stock price is close to the 100 day EMA and is showing a pullback in the yesterday’s trading session. Moreover, the price action showcased that buyers are gaining strength and are looking to surpass the 200 day EMA for a fresh reversal above $450. However, bulls must surpass the trajectory hurdle of $470 to skyrocket in the coming session. Furthermore, the LMT stock price is trading above the 50% Fibonacci retracement zone and indicates neutrality on the charts.</p> 
<p>The RSI curve is in the overbought zone and showcased a bullish divergence indicating a rise above $450 is anticipated in the next sessions.The MACD shows a bullish crossover and green bars on the histogram, suggesting a positive outlook for the coming sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/14/blackrock-stock-forecast-will-blk-stock-break-below-600-level/" target="_blank" rel="noreferrer noopener">LMT stock price </a>is trading close to the 100 day EMA and has showcased a reversal in the yesterday trading sessions. Moreover, the price action shows that buyers have made fresh long positions ahead of the Q2 earnings result. There are high expectations regarding the net income and revenue. Furthermore, the LMT stock has surpassed the channel highs and is looking to surpass the 200 day EMA.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $435 and $430</p> 
<p>Resistance Levels: $450 and $460</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

LMT Stock Gaining Momentum Ahead of Q2 Results, What Next?

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