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Lockheed Martin Corporation’s (LMT) total sales grew 6.6% during the latest quarter, supported by an 8% sales increase in its aeronautics division.

Lockheed Martin shares registered their largest daily loss since December 12th 2016 during Tuesday’s trading session. The stock went down 2.24% ($6.19) to $270.02, after touching an intraday low at $267.68, or a price level not seen since April 6th ($266.32). In the week ended on April 23rd the shares of the global security and aerospace company added 1.90% to their market value compared to a week ago, which marked the best performance since the week ended on February 12th. However, the stock has pared its advance to 0.90% so far during the current month, following a 0.38% increase in March. The latter has been a third consecutive monthly gain, but yet, the smallest one in more than 36 months. For the entire past year, Lockheed Martin shares gained 15.10%.

The company’s net sales were reported to have surged to $11.06 billion during the quarter ended on March 26th from $10.37 billion during the same period a year ago.

On the other hand, net earnings from continuing operations were reported to have shrunk to $763 million during the latest quarter from $806 million a year earlier.

However, Lockheed’s earnings per share remained unchanged from a year ago at $2.61.

The company also said it revised up its net sales forecast for 2017. It now projects net sales to be within the range between $49.5 billion and $50.7 billion, up from a previously expected range of $49.4 billion-$50.6 billion.

According to CNN Money, the 18 analysts, offering 12-month forecasts regarding Lockheed Martin’s stock price, have a median target of $277.50, with a high estimate of $333.00 and a low estimate of $240.00. The median estimate is a 2.77% surge compared to the closing price of $270.02 on April 25th.

The same media also reported that 12 out of 22 surveyed investment analysts had rated Lockheed Martin Corporation’s stock as “Hold”, while 9 – as “Buy”.

Daily and Weekly Pivot Levels

With the help of the Camarilla calculation method, today’s levels of importance for the Lockheed Martin stock are presented as follows:

R1 – $270.65
R2 – $271.27
R3 (Range Resistance – Sell) – $271.90
R4 (Long Breakout) – $273.77
R5 (Breakout Target 1) – $275.96
R6 (Breakout Target 2) – $276.90

S1 – $269.39
S2 – $268.77
S3 (Range Support – Buy) – $268.14
S4 (Short Breakout) – $266.27
S5 (Breakout Target 1) – $264.08
S6 (Breakout Target 2) – $263.14

By using the traditional method of calculation, the weekly levels of importance for Lockheed Martin Corporation (LMT) are presented as follows:

Central Pivot Point – $271.83
R1 – $275.75
R2 – $278.41
R3 – $282.33
R4 – $286.25

S1 – $269.17
S2 – $265.25
S3 – $262.59
S4 – $259.93

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