Lockheed Martin May Be Cooling Its Jets

Lockheed Martin Corp. (LMT) was last reviewed in depth at the end of August. At the time we said, "The trend is certainly up but that does not mean we ignore risk. Traders who are long should consider raising sell-stop protection to a close below $285 and investors to a close below $275. Having a game plan to lock in gains helps me sleep at night."

A little more than three months later and we have a chart that shows more risk. LMT made a high in the middle of October, which was followed by a modest pullback and then another upside attempt last month. The November peak was just slightly weaker than the October high and LMT is now in position to test the lows of the pullback. A lower low than the late October low will establish a simple downtrend. Let's check further....362 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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