L-3 Communications (LLL) ($76.75) is expected to earn $2.12 per share on Feb 5. LLL set a 52-week high at $78.11 on Jan. 2. The daily chart shifts to negative on a close Wednesday below the 21-day SMA at $76.76. The weekly chart shifts to negative given a close this Friday below the five-week MMA at $76.19. My monthly value level is $72.89 with a semiannual pivot at $77.12 and annual risky level at $85.25.
Lockheed Martin (LMT) ($92.96) is expected to earn $1.79 per share on Jan 24. LMT set a multi-year high at $95.92 on Nov 6. The daily chart is overbought and the weekly chart is positive with the stock above the five-week MMA at $92.24. My monthly value level is $90.62 with a weekly pivot at $93.74 and quarterly risky level at $101.16.
Northrop Grumman (NOC) ($67.34) is expected to earn $1.74 per share on Feb 6. NOC set a multi-year high at $71.25 on Oct 18.
The daily chart stays negative with a close Wednesday below the 21-day SMA at $67.97. The weekly chart shifts to neutral on a close this week below the five-week MMA at $67.39. My quarterly value level is $61.70 with a monthly pivot at $68.41 and annual risky level at $71.60.Raytheon (RTN) ($57.74) is expected to earn $1.30 per share on Jan. 24. RTN set a 52-week high at $59.34 on Dec 21. The daily chart shifts to negative on a close Wednesday below the 21-day SMA at $58.16. The weekly chart shifts to neutral on a close on Friday below the five-week MMA at $57.51. My semiannual value level is $51.32 with a quarterly pivot at $58.46 and annual risky level at $64.74.
At the time of publication, the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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