LMT: revenue growth = stocks growth? Idea for 13/02/2024
Aerospace company Lockheed Martin Corporation could generate an additional 31.6 billion USD in revenue from contracts to supply F-16 fighter jets to Türkiye and Greece. The issuer's additional net profit could reach 3.2 billion USD. Moreover, discussions are ongoing regarding the upgrade of the existing fleet of these fighters to the "Viper" level. These developments could lead to increased company income.
Therefore, we have chosen to examine the Lockheed Martin Corporation (NYSE: LMT) stock chart today.
On the D1 timeframe, support has formed at 419.83, with resistance at 431.85. Additionally, a subjective graphical analysis pattern, "Inverted head and shoulders", has developed, potentially indicating a downward trend reversal. Consolidation of quotes above the 425.57 level may also suggest a reversal in the trend.
On the H1 timeframe, a breakthrough of the 431.85 level could set a short-term target for a price increase at 442.32, while in the medium term, it could hover around 460.95.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Therefore, we have chosen to examine the Lockheed Martin Corporation (NYSE: LMT) stock chart today.
On the D1 timeframe, support has formed at 419.83, with resistance at 431.85. Additionally, a subjective graphical analysis pattern, "Inverted head and shoulders", has developed, potentially indicating a downward trend reversal. Consolidation of quotes above the 425.57 level may also suggest a reversal in the trend.
On the H1 timeframe, a breakthrough of the 431.85 level could set a short-term target for a price increase at 442.32, while in the medium term, it could hover around 460.95.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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