18 May 2025
Lockheed Martin (LMT) – Bullish Setup Supported by Saudi Arms Deal
The U.S. has agreed to a $142 billion arms package with Saudi Arabia, which has sparked positive sentiment around defense contractors. Lockheed Martin (LMT), a potential key beneficiary of the deal, may gain momentum as the news develops.
From a technical analysis perspective, LMT is currently trading near an ascending trendline support, which coincides with the 200-day moving average (MA)—a strong confluence zone suggesting continuation of the current uptrend.
Bias remains to the upside, with immediate resistance seen around $500, which may act as the first hurdle. A break above this level could open room for further gains, in line with the prevailing trend.
Strategy: Ride the trend as long as price respects the ascending support.
Lockheed Martin (LMT) – Bullish Setup Supported by Saudi Arms Deal
The U.S. has agreed to a $142 billion arms package with Saudi Arabia, which has sparked positive sentiment around defense contractors. Lockheed Martin (LMT), a potential key beneficiary of the deal, may gain momentum as the news develops.
From a technical analysis perspective, LMT is currently trading near an ascending trendline support, which coincides with the 200-day moving average (MA)—a strong confluence zone suggesting continuation of the current uptrend.
Bias remains to the upside, with immediate resistance seen around $500, which may act as the first hurdle. A break above this level could open room for further gains, in line with the prevailing trend.
Strategy: Ride the trend as long as price respects the ascending support.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.