Leading defense and aerospace company Lockheed Martin (NYSE:LMT) has been one of the best-performing stocks over the past four years. But all of a sudden, LMT has been pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average, which is minor support, so there's a good chance the stock will move lower. The daily chart is signaling very solid support around the $305 – where the stock traded sideways in August before breaking out to new highs. Keep this level on your radar as LMT reports earnings on October 24, 2017.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.