LMT - Lockheed Martin Set For Lift-Off: Is A Golden Cross On The Horizon? | Benzinga
Lockheed Martin Corp (NYSE:LMT) released its Q1 earnings report on Tuesday, which showed impressive growth in net sales.
The company reported net sales of $17.195 billion, marking a 13.7% increase compared to the same quarter last year. Despite this strong performance, adjusted earnings per share (EPS) fell slightly to $6.33 from $6.43 year-over-year (YoY). However, the EPS still exceeded expectations by a notable margin.
More on the earnings, here: Lockheed Martin’s Q1 Revenue Climbs Amid Fluctuating Profit Margins, 2024 Outlook Reaffirmed
Lockheed Martin stock has been relatively stable, down a modest 4.53% over the past year and up 1.30% year-to-date (YTD). Despite this, a technical analysis has identified signs that a Golden Cross, a potentially bullish indicator, might be approaching, suggesting a possible positive trend reversal for the stock.
Positive Trend Reversal – Golden Cross In Sight
The current trend for Lockheed Martin is moderately bullish, with slight selling pressure. Several key technical indicators support this outlook.