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  • Swing Trade Idea (LMT) – April 30, 2021

    Apr 30, 2021 Swing Options Tips Comments Off on Swing Trade Idea (LMT) – April 30, 2021

    Our bullish trade for Friday, April 30th is Lockheed Martin Corp (LMT). LMT is part of the Industrials Sector (XLI). XLI has experienced a 3.9% gain in the last month and its 1M and 6M trends turned bullish on Feb 4th 2021.   

    LMT’s 6M trend turned bullish on March 24th and has recently pulled back to an area of support and rebounded with strong momentum. With a technical score of 3 (out of 10), LMT is a weak stock that will likely strengthen and move higher from these levels.

    As a stop loss, if LMT were to trade below $372 for multiple days, this would invalidate our analysis and focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $10.60.

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