Lockheed Martin stock had its Relative Strength (RS) Rating upgraded from 69 to 72 Tuesday -- a welcome improvement, but still shy of the 80 or better score you prefer to see.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves. See if Lockheed Martin stock can continue to rebound and hit that benchmark.
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Is Lockheed Martin Stock A Buy?
Lockheed Martin stock is trying to complete a flat base with a 499.05 entry. See if it can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Taking a look at top and bottom line numbers, the aerospace-defense company has posted rising EPS growth in each of the last two reports. Top line growth has also risen over the same time frame.
Lockheed Martin stock holds the No. 16 rank among its peers in the Aerospace/Defense industry group. TransDigm Group and Heico Corp are also among the group's highest-rated stocks. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
