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Shares of Lockheed Martin are perking up this morning.  The stock is up 1.5% at mid day as it begins to put some distance on the February peak.  This breakout type move is driving LMT through a key overhead trendline that links the previous two monthly highs.  We believe the stock is setting up well for a retest of the 200 day moving average($366).  

LMT’s 50 day moving average is scooping underneath.  The stock’s daily MACD is sitting near neutral.  On the downside, a close back below $335.00 would violate last week’s low sending a clear warning sign that today’s breakout has failed.  

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