Raytheon Has Been Lagging

Raytheon Has Been Lagging

Shares of RTN has been lagging of late.  While other large defense/aerospace names have been on fire(LMT/NOC) RTN has remained in a very tight range since its ugly post earnings breakdown(4/25).  Is a catch up rally in the cards?   The declining 200D has been...
Lockheed Hangs Tough

Lockheed Hangs Tough

Lockheed Martin is not giving back an inch today.  Despite the broad market sell off, and an overbought(daily MACD) reading, LMT is in the green at mid day and remains well above this month’s lows.  The powerful upside momentum released back on April 23rd...
Raytheon Update

Raytheon Update

Raytheon is set to release their Q1 results before Thursday’s open.  Heading into the news the stock is setting up well for a fresh rally leg.  Since the post Christmas rally ran out of steam in mid February RTN has been consolidating in a very narrow range just...
Northrup Grumman Update

Northrup Grumman Update

Ahead of tomorrow morning’s Q1 earnings report shares of Northrup Grumman are moving well.  The stock is up over 3% and is moving past layers of heavy resistance.  Other big defense names are also rallying of late.  Lockheed Martin reported excellent numbers...
Lockheed Update

Lockheed Update

Initial support near January/50D moving average is holding.  Daily MACD back to neutral. Feb/March highs still look ominous. Close below $293.00 would violate the March lows.  Could open up the downside. For patient bulls, LMT is a very low risk buy near current...