Nov. 14 at 2:57 AM
$LMT is currently trading at
$455.85, significantly below its 30-day moving average (MA30) of
$488.15 and 50-day moving average (MA50) of
$484.25, indicating a bearish trend. The RSI at 23.42 suggests that the stock is oversold, which could lead to a potential reversal or bounce in the near term. The recent 60-day high of
$516.0 and low of
$444.7 provide a clear range for price action.
For a trade plan, consider entering a long position at
$458.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$444.00, just below the recent low, to manage risk. Target 1 can be set at
$480.00, near the MA50, and Target 2 at
$490.00, approaching the MA30. This plan leverages the oversold RSI while respecting the established price range.
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