Lockheed Martin Corporations stock price (LMT) fell in the intraday levels, while gathering positive momentum to rise anew, amid the dominance of the main upward trend in the medium term, as it trades alongside the secondary short-term trend line, with positive signals from the RSI despite reaching overbought levels, as the stock benefits from trading above the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of $487.65, provided it settles above $466.25.

Trend forecast: Likely Bullish