(LMT - Get Report)
This is a global security company is engaged in the research, design, development, manufacture, integration, operation and sustainment of advanced technology systems and products. This stock is trading up 1% at $93.14 in recent trading.
Today's Volume: 3.07 million
Average Volume: 1.63 million
Volume % Change: 90%
From a technical perspective, LMT is bouncing modestly higher here right off its 50-day moving average of $91.26 with above-average volume. This move is quickly pushing LMT within range of triggering a major breakout trade. That trade will hit once LMT manages to take out some near-term overhead resistance levels at $93.67 to $94.10 and then once it clears $94.74 and its 52-week high of $95.92 with high volume.
Traders should now look for long-biased trades in LMT as long as it's trending above its 50-day at $91.26, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.63 million shares. If that breakout triggers soon, then LMT will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $100 to $105 in the near future.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume
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