Lockheed Martin Corporation : Anticipation of a technical rebound

02/07/2013 | 09:31am Opinion : Bullish above 86.7 USD Target price : 91.4 USD Stop loss: 85.1 USD

NYSE Aerospace / Defense

Currently the stock is oversold and, in the mid-term, it is trading in a bearish trend. In the short term, this trend is reversed upon contact with the USD 86.7 area. Lockheed Martin Corporation should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards USD 91.35.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Lockheed Martin Corporation in a good timing. The potential gain is 5.6%. Investors might placed a stop loss order at USD 85.1 in order to avoid important losses.

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