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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.

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