Disclosure: I do own shares in LMT and this is not financial advice.
LMT is approaching 0.618 Fib retracement level from Pre Covid High to Covid Low. MACD Cross on the Weekly and looks like the Monthly will have a cross over shortly. Using Fib time series analysis as well to anticipate price moves near the vertical lines. My time horizon is long-term so I am looking to possibly close the position at 1.618 Fib $551.56 (48.64%).
LMT is now trading above 200-day moving average now $364.70.
FundamentalsLMT Currently trading at 13.23 Forward PE RLMTatio 2.8% Dividend Yield as well so you get paid to wait on this trade. Also assuming a 8.5% discount rate and 3.5% perpetuity growth rate the fair value would be $414.21.