Lockheed Martin (LMT) is a global security company engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. This stock is trading up 0.26% at $85.47 in recent trading after hitting a 52-week of $85.50 earlier in the day.
Today's Range: $85.09-$85.4052-Week Range: $66.36-$85.40 Volume: 583,000 Three-Month Average Volume: 2,326,570 Lockheed Martin has a market cap of $27.43 billion and an enterprise value of $30.25 billion. The stock trades at a trailing price-to-earnings of 10.93 and a forward price-to-earnings of 10.12. Its estimated growth rate for this year is -0.40%, and for next year it's pegged at 7.7%. The current short interest as a percentage of the float for Lockheed Martin is notable at 6%. From a technical perspective, LMT recently triggered a breakout trade once it moved above some near-term overheard resistance at $84. Traders should now look for LMT to re-test some major resistance at around $87 in the near future. If that level is then taken out with volume, look for LMT to make a run at $100. Look for volume that's near or well above 2,326,570 shares if $87 gets cleared. Lockheed, one of the top-yielding aerospace and defense stocks, shows up on a list of 5 Safe, High-Yielding Dividend Stocks.
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