New contracts on the horizon? The profit in this idea is hedged!
Lockheed Martin is one of the largest companies in the aerospace, defense, security, and technologies industry. Produces aircrafts, such as F-35 and F-22. The main customer is the US government, which provided about 82% of the revenue.
Newsflow:
The shares of the defense corporation Lockheed Martin Corporation are continuing their upward trend. In December 2017, the world's largest supplier of military technology received a $944 million contract for production and delivery of Lockheed Martin Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors.
Additionally, in the same month Lockheed Martin Aeronautics Co, a unit of Lockheed Martin Co, received a $ 7 billion defense order for F-22, the Pentagon said in a statement on Thursday.
The growth may accelerate due to the increased sales on the international market, where Lockheed offers the most demanded defense products.
Lockheed Martin’s shares have gained +28.9% over the past year.
Based on 8 analysts offering 12 month price targets for LMT in the last 3 months:
The average price target of 323.00 US-Dollar
The maximum price target of 360 US-Dollar
The lowest price target of 300 US-Dollar
Today LMT’s stock price is about 330.51 US-Dollar a share.
Fundamental Data:
P/E ratio: 18.66 / Sales growth: 2.42% / Profit growth: 47.07% / Dividend: $6.77/2.05% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
Oscillator: The RSI of Lockheed Martin is in the overbought zone.
Trend indicator: The MACD forwarding to the north.
Price Indicator: The SMA 200 is around $296 and the current price is clear!
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 314.41 US-Dollar.
The red line in the chart: the stop loss will be tightened to $322. Background is the GAP drawn in the chart with the yellow circle.
This is based on the support and the profit in any case with 2.41 percent from the start of the idea hedged.
The green line in the chart: here is my opinion, a possible next turning point in the idea = first goal at about 333 US-Dollar.
Conclusion:
Lockheed Martin is clearly one of last year's winners and winners of the Trump administration. This idea for a position trade runs very satisfactorily and is hedged with plus + 2.41 percent from the start of the idea.
Parameters of the Idea - Start of the idea: $314.41
Recent stock price: $330.51 (+5.12% from the starting price)
Stop-Loss of the idea: $322 (+2.41% from the starting price)
Take Profit of the idea: $360 (highest target price)
This idea has been running since December 8, 2017, currently 34 days.
If you like this idea, you are welcome to follow me here. I am happy to share my ideas with you.
Sincerely yours,
Ritschy Dobetsberger
Disclosure:
“The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
Newsflow:
The shares of the defense corporation Lockheed Martin Corporation are continuing their upward trend. In December 2017, the world's largest supplier of military technology received a $944 million contract for production and delivery of Lockheed Martin Patriot Advanced Capability-3 (PAC-3) and PAC-3 Missile Segment Enhancement (PAC-3 MSE) interceptors.
Additionally, in the same month Lockheed Martin Aeronautics Co, a unit of Lockheed Martin Co, received a $ 7 billion defense order for F-22, the Pentagon said in a statement on Thursday.
The growth may accelerate due to the increased sales on the international market, where Lockheed offers the most demanded defense products.
Lockheed Martin’s shares have gained +28.9% over the past year.
Based on 8 analysts offering 12 month price targets for LMT in the last 3 months:
The average price target of 323.00 US-Dollar
The maximum price target of 360 US-Dollar
The lowest price target of 300 US-Dollar
Today LMT’s stock price is about 330.51 US-Dollar a share.
Fundamental Data:
P/E ratio: 18.66 / Sales growth: 2.42% / Profit growth: 47.07% / Dividend: $6.77/2.05% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
Oscillator: The RSI of Lockheed Martin is in the overbought zone.
Trend indicator: The MACD forwarding to the north.
Price Indicator: The SMA 200 is around $296 and the current price is clear!
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 314.41 US-Dollar.
The red line in the chart: the stop loss will be tightened to $322. Background is the GAP drawn in the chart with the yellow circle.
This is based on the support and the profit in any case with 2.41 percent from the start of the idea hedged.
The green line in the chart: here is my opinion, a possible next turning point in the idea = first goal at about 333 US-Dollar.
Conclusion:
Lockheed Martin is clearly one of last year's winners and winners of the Trump administration. This idea for a position trade runs very satisfactorily and is hedged with plus + 2.41 percent from the start of the idea.
Parameters of the Idea - Start of the idea: $314.41
Recent stock price: $330.51 (+5.12% from the starting price)
Stop-Loss of the idea: $322 (+2.41% from the starting price)
Take Profit of the idea: $360 (highest target price)
This idea has been running since December 8, 2017, currently 34 days.
If you like this idea, you are welcome to follow me here. I am happy to share my ideas with you.
Sincerely yours,
Ritschy Dobetsberger
Disclosure:
“The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”