Lockheed Martin Corp

LMT has broken key horizontal support in early September and is trading below its 9, 20, 50, and 200 EMAs, confirming a Stage 4 downtrend and reinforcing medium‐ and long‐term bearish bias. Short‐term momentum remains downward despite oversold RSI, offering no clear exhaustion signal. Execution should focus on selling into any rally up toward the broken 555–560 support zone and the converging EMA cluster. A sustained reclaim and acceptance above that area would invalidate the current bearish stance.

• ↑Q2 revenue rose 11% YoY to $20.1B on record $230B backlog
• ↑Nearly $3B free cash flow in Q2 shows operational improvement
• ↓Negative earnings yield and weak profitability factors question returns