1
LMT stock price fell 5.42% in September 2023.
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Lockheed Martin stock broke down crucial support of $438 and traded near to YTD low.
3
LMT stock price entered a correction phase.
Lockheed Martin Corp. LMT stock price broke down the crucial support of $438 and entered a correction phase. It formed a bearish pattern and hit new YTD lows.
The trend of Lockheed Martin stock has turned downward and sellers have taken control of the last support levels.
Recently, Lockheed Martin came into the spotlight due to the ongoing talks related to sanctions. China’s Foreign Ministry said that Lockheed Martin will face sanctions by China after the company allegedly sold weapons to Taiwan.
These sanctions may impact the sale of LMT stock in the coming quarters. Moreover, the stock price did not react much and continues to trade with a mild bearish bias.
For the past few months, LMT stock price consolidated in the range between $438.00 to $480.0
We współpracy z: https://www.thecoinrepublic.com/2023/09/18/lmt-stock-broke-down-438-lockheed-martin-stock-turned-bearish/
