The buy signal breaks its breakeven stop
Lockheed Martin stock drops 7.4% and breaches its breakeven stop
Our view last week
Lockheed Martin stock stays pinned to its 7-day high, in the 610 area, without breaking through yet: the week still closes up 3.5%, even though volume has contracted. The buy signal, which fired 3 weeks ago, holds: the weekly structure stays fully bullish and the trade is running at +4.48% since entry, with the stop already moved to breakeven.
This week's summary
Lockheed Martin stock dropped 7.4% this week, with sellers firmly in control of the last bar and buyer dominance collapsing: the stock slides from its recent-highs zone back down toward its 50-day moving average. Price closed below the breakeven stop flagged in last week's card (582.6 area): for anyone following that level the trade is closed.
IQS Phase
54
ordinary
Signal Strength
59
medium
Sizing
STANDARD
Ranking
#68 / 167
US stocks in progress
Trade P&L %
-3.27%
from signal to date, no stop loss
Rank position
ranks 68th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 59 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
LMT belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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