08.06.2016 - We expect price growth of Lockheed Martin

Price of Lockheed Martin rebounded from the lower boundary of the rising channel, and now is trying to overcome the inclined resistance line, which will continue to rise with the nearest targets at 245.00 and 250.00. A less likely scenario is a breaking through the rising channel's lower border and local minimum at 236.00 that will be a signal to sell with targets at 227.70 and 220.00. Our medium-term outlook is positive and we are waiting for further price growth in the near future.

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