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Lockheed Martin Getting Closer To Key Technical Benchmark

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On Tuesday, Lockheed Martin ( LMT ) received an upgrade to its Relative Strength ( RS ) Rating , from 70 to 73.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their largest runs. See if Lockheed Martin can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

While the stock is not near an ideal buy zone right now, see if it goes on to form and break out from a proper base .

The company posted -10% earnings growth in its most recent report, while sales growth came in at 5%. The next quarterly results are expected on or around Jan. 24.

The company earns the No. 23 rank among its peers in the Aerospace/Defense industry group. Heico ( HEI ), Heico (HEIA) and Teledyne Technologies ( TDY ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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