Lockheed Martin Corporation : There is still some upside potential
Entry price | Target | Stop-loss | Potential |
---|
$289.83 |
$310 |
$280 |
+6.96% |
---|
Lockheed Martin Corporation's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The group's high margin levels account for strong profits.
● The group usually releases upbeat results with huge surprise rates.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 257.85 USD
Weaknesses● The stock is close to a major daily resistance at USD 290.67, which should be gotten rid of so as to gain new appreciation potential.
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