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lynchn25

LMT closing to breakout or breakdown

Lockheed Martin Corporation (NYSE:LMT)  
lynchn25 Updated   
NYSE:LMT   Lockheed Martin Corporation
Trend Analysis Chart Patterns
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trendanalysis chartpattern
LMT is about to complete its inverse Head and Shoulders pattern. The pattern will complete at $330. Look for a breakout at the $330 mark for a rally up towards $345-$355 range. If it breaks down from its bottom support the head and shoulders pattern is void!
Comment:
Looks like LMT broke out of its support of $321. Will most likely retest the head of this pattern and retrace to $305-$310.
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