Lockheed Martin ($LMT) is a leading defense contractor with a beautiful chart. Lockheed Martin is approaching new all time highs, and still isn't that expensive with a forward P/E of just 14. Lockheed's next earnings report isn't until late October, so this isn't a factor. I like this on a break of $170.50 with a stop at $162.50 right underneath the 50-day simple moving average. Target is $180.
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