Rotation Into Defense Stocks

Discussion in 'Trading' started by waggie945, Jul 28, 2003.

  1. Take a look at the breakouts of LLL, LMT, GD, and the rest of the group.

    This group had a very strong week last week, and NOC's quarterly EPS this morning continues the TREND.
     
  2. Of the ones you mentioned I believe LMT looks the most bullish.
     
  3. LMT actually does not look that Bullish to me due to the HUGE KEY REVERSAL that we saw the other day. Monday's action saw a bit of a bounce, only to see Monday's lows taken out earlier today with the stock closing near the lows of the session ( Tuesday).

    If anything, LLL looks especially impressive, having broken-out above the highs of early January on HUGE VOLUME. Today saw another up day in LLL even though the rest of the sector faultered.