LMT Clears Resistance, EMAs Confirm at $604.09
Lockheed Martin Corp (LMT) slipped 0.98% to $604.09 on November 13.
From a technical standpoint, the outlook appears bullish:
Moving Averages
Price trades above the 9-day EMA ($601.49) with a bullish stack. The 21-day EMA at $590.49 provides support.
Momentum
RSI at 56.2 is neutral but improving. MACD reads 14.65 against its 18.13 signal line (bearish).
Volatility
Bollinger Band width at 21.8% indicates normal volatility.
While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.
Watch $534.16 as support and $664.74 as resistance.
