Lockheed Martin Corp. (LMT)

Aug 1, 2022Trade Ideas

LMT Chart by TradingView

Lockheed Martin Corp. (LMT) has had a strong year so far.

After skyrocketing to about $480, the stock pulled back to about $380, where it’s starting to pivot higher. RSI and MACD are starting to push higher from oversold conditions, as well. Helping, Director John Donovan just bought 632 shares of LMT for $250,400, at an average price of about $396.16 each. The last time insiders bought LMT was August 19, with Director James Taiclet buying 1,354 shares for $509,500.

From a current price of $413.81, we’d like to see the LMT stock race back to $430, near-term.

An uptick in defense spending has also been beneficial for the LMT stock. Senate Democrats, for example, just unveiled a potential $850 billion in total national defense spending for fiscal 2023. As quoted by TheHill.com “Sen. Patrick Leahy (D-Vt.), chairman of the Senate Appropriations Committee, said in a statement that the bill ‘modernizes our armed forces to address the evolving threats of the 21st Century, ensuring the Defense Department is able to compete with China and other adversaries across the globe.’”

Sponsored Content

This page contains links to products not offered by MARKETARMOR.COM. In exchange for listing these links, we are likely to receive commission for purchases made through these links.

MARKETARMOR.COM is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security. MARKETARMOR.COM may make available certain information related to trading strategies and stock prices for educational and information purposes only; any information made available should not be construed as an endorsement, recommendation or sponsorship of any company or security.

We do not offer investment advice or advocate the purchase, holding or sale of any security or investment by any user of our materials or viewer of any of information videos. We do not provide any legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular interment, security, or informational source. By visiting this site or using the training materials, you acknowledge and agree that any reliance upon the content or data available through MARKETARMOR.COM is at your own sole risk. You are strongly advised to use your own judgment, research, and consult a professional advisor.

The information is generic in nature and not targeted to individuals or individual circumstances. We offer our opinion and not specific advice. No professional relationship is formed by visiting this site, viewing its contents, or by purchasing a specific product or service we offer. No fiduciary relationship has been established, nor will one be established at any time.

Results are not typical. Trading securities may not be suitable for all users of this information. Trading stocks and investing in the stock market is inherently risky. You can lose money trading stocks. Do not invest money you cannot afford to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience. You should seek independent advice, if necessary. You, the visitor to this site and user of our products and services, are solely responsible for any losses, financial or otherwise, as a result of trading stocks. Under all circumstances, you, and not MARKETARMOR.COM, assume the entire cost and all risks involved with trading any stock based on any information procured herein. Any views expressed on this site were prepared based upon the information available at the time such views were expressed. Changed or additional information could cause such views to change. The contributors of this site’s information may have a financial interest in many of the stocks discussed herein.