I just noticed this one while looking over the charts of companies that reported earnings this morning or would have jumped on it earlier. However, I figured it’s worth passing on in case LMT (Lockheed Martin Corp) offers a second chance anytime soon.
LMT kissed the 510-516ish support level on the post-earnings drop in the pre-market session today & will offer an objective long entry just off that support with a stop somewhat below, should it make another run down to that well-defined support once again. Daily & weekly charts (white candle on daily shows today’s pre-market trading range) below.
LMT daily April 23rd
LMT weekly April 23rd