Lockheed Martin has been trading in a narrow range since mid July. This tight action has been hemmed in by a damaging breakdown gap left behind back on June 11. A fresh rally leg may be on the way. Solid support is developing underneath as the 50 and 200 day moving averages begin to provide solid footing. A close above $404.00 would clear gap resistance as well as a key overhead trend line that links the June/August highs. Once past LMT has a clear path to new all time highs.