LMT is down over 15% from it's highs in February mostly due to Trump's trade war. The chart has formed a head and shoulders pattern, then turned down and formed a cup & handle pattern. The cup is short in length and V shaped, however, the company has been signing contracts and making new sales all the while. I believe revenue and earnings will beat expectations and the stock will rally to at least the $322-$325 range.
Yorum:
The company also has a certain degree of exemption from the trade war's price repercussions due to it's status as a defense company directly linked US national security.
