Lockheed Martin has dovetailed since hitting 2018 highs last April. One technical analyst sees a rebound in the making after a rough 12 months.
Lockheed Martin has dovetailed since hitting a 52-week high last April. The defense contractor has plummeted 15 percent since that peak, buffeted by every new development in U.S.-China trade discussions.
"It's been a bit of an underperformer in the defense sector, but we're seeing signs on the charts here, on the technical position, that we could be in for a little bit of a comeback rally," TradingAnalysis.com's Todd Gordon said Tuesday on CNBC's"Trading Nation." "I like the formation of this chart just with this little move right here," said Gordon."We've got a nice push up here from $240. We've fallen into a little bit of a bull flag here, a little bit of a consolidation."
"It looks like should the broader market continue, we should be able to pierce up through that 200-day moving average. Now the upside target here is we should be looking for this old high just around $350 a share," said Gordon.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Lockheed nearing $2 billion-plus deal for sale of THAAD missiles: sourcesLockheed Martin Corp is nearing an award from the Pentagon worth more than $2 bi...
Weiterlesen »
Lockheed clinches $2.4 billion deal for sale of THAAD missilesLockheed Martin Corp was awarded a $2.4 billion Pentagon contract on Monday for ...
Weiterlesen »
Feds investigate Martin 'Pharma Bro' Shkreli for allegedly running a drug business from prisonFeds investigate 'Pharma Bro' Martin Shkreli for allegedly running a drug business from prison.
Weiterlesen »
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From PrisonMartin Shkreli is in solitary and is under investigation from the prison authorities after he allegedly ran a business using a contraband phone.
Weiterlesen »
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From PrisonMartin Shkreli is in solitary confinement and under investigation by prison authorities following a report that he continued to run his pharma business from behind bars using a contraband phone by iblametom
Weiterlesen »
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From PrisonMartin Shkreli is in solitary and is under investigation from the prison authorities after he allegedly ran a business using a contraband phone.
Weiterlesen »
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From PrisonMartin Shkreli is in solitary and is under investigation from the prison authorities after he allegedly ran a business using a contraband phone.
Weiterlesen »
Sources: Martin Shkreli Thrown In Solitary Confinement After Claims He Ran Company From PrisonEarlier this month, the much-maligned pharmaceutical businessman and uber troll Martin Shkreli was put in solitary confinement in New Jersey’s Fort Dix prison
Weiterlesen »
Martin Luther King's final speech: 'I've been to the mountaintop' -- The full text'I've been to the mountaintop': Martin Luther King Jr. delivered this speech—one of his most powerful—on this day in 1968, the day before he died.
Weiterlesen »