BullBear Trading: Stock and Financial Market Technical Analysis

Bryan Leighton's Blog – October 2017 Archive (2)

Lockheed Martin (NYSE:LMT) Finally Pulls Back, Here's The Trade

Lockheed Martin Corporation (NYSE:LMT) is a leading defense and aerospace company. The stock has been one of the best performing equities over the past four years. Finally, LMT stock is pulling back over the past four trading sessions. The stock is now close to testing its 20-day moving average. Traders should note that this 20-day moving average is minor support so there is a good chance that the stock could move lower. The daily chart is signaling very solid support around the…

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Added by Bryan Leighton on October 18, 2017 at 12:21pm — No Comments

Nasty Bear Flag Alert On $OLED: Here Is The Trade...

Shares of Universal Display Corporation (NASDAQ:OLED) have one of the tightest, nastiest bear flag formations I have seen. There are high odds of this stock taking a major leg lower in the coming weeks. The first target is $108 and the second target is $90. The key here is the recent news from just days ago that many Asian companies are over-producing OLED displays. Asia and specifically China have a history of overproducing things and dumping them on the overall market, killing…

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Added by Bryan Leighton on October 5, 2017 at 3:14pm — No Comments

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