Technical Briefing on Lockheed Martin, General Dynamics, Textron, and AerCap
Apr 15, 2013, 08:00 ET
LONDON, April 15, 2013 /PRNewswire/ --
Concerns about the U.S. economy losing its momentum pulled the markets down on the last day of the previous trading week. Weak retail sales data further strained the markets and consequently all the major indices closed in the red. The markets are likely to remain subdued this week as well. Our research team tracked major industrial goods companies within the aerospace and defense spaces like Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corporation (NYSE: GD), Textron Inc. (NYSE: TXT) and AerCap Holdings NV (NYSE: AER). StockCall has posted free technical research reports on LMT, GD, TXT, and AER and these can be accessed by signing up at
http://www.stockcall.com/analysis
Lockheed Martin Corporation closed its latest trading session at $97.18, down 0.12 percent from its previous close. The stock traded in the range of $96.25 and $97.25 in last Friday's session on volume of 1.23 million shares. It is likely to face its first resistance level at $98.36 and upon breaching this level the stock may go up to $98.75. On the downside, the company's stock may tumble to $96.47 level. It is has low volatility as it sports the beta of 0.94. So far in 2013, it gained 6.39 percent, whereas in the past 52 weeks it climbed 8.82 percent of its value. The stock is in a bullish mode. Download the free report on LMT upon registration at
http://www.StockCall.com/LMT041513.pdf
General Dynamics Corporation's stock slashed its YTD returns with 1.02 percent loss in Friday's trading session. The stock traded in the range of $69.99 and $70.91 and closed at $70.60. However, it traded higher than average number of shares at 3.32 million. The stock is in a bullish mode and is likely to maintain its upward ascent in the coming sessions. Its first resistance level is at $71.45 and it may test the support level of $70.51 in the coming trading sessions. Upon breaching this level, the stock may tumble to $69.47. The stock is highly volatile with beta of 1.22. GD technical report can be accessed for free by signing up at
http://www.StockCall.com/GD041513.pdf
Textron Inc. traded in the range of $29.54 and $29.86 in its latest trading session. Its volume stood at 2.14 million shares, down from its average daily volume of 2.32 million. Textron closed Friday's session at $29.81, down 0.43 percent. The stock is currently trading above its short-term moving average price of $29.75, showing a neutral trend. In the coming sessions, the stock is expected to go as high as $31.21, while its first support level is at $29.53. The stock trades at beta of 2.66, making it a highly volatile stock to own. It has appreciated 23.59 percent on a YTD basis. Free report on TXT can be accessed by registering at
http://www.StockCall.com/TXT041513.pdf
AerCap Holdings NV extended its 52 weeks gains to 54.8 percent by closing its previous trading session 0.37 percent higher. The stock closed at $16.44, with trading volume of 272,722 shares. It is up 22.05 percent on a YTD basis. AerCap is currently in a bullish mode and is expected to go up to $17.39 in the coming trading sessions. Its next resistance level is at $17.55. On the downside, it is expected to face its first support level at $15.82. The stock traded in the range of $10.51 and $16.57 in the past 52 weeks. Register with StockCall and download the research on AER for free at
http://www.StockCall.com/AER041513.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
SOURCE StockCall.com