Lockheed Martin ( LMT) is a global defense contractor that is known for its super secret research and development division. I could tell you about it ... but they would silence me. Instead, let's check out the charts and indicators. 
In this daily bar chart of LMT, below, we can see that the price plunged sharply in late October. Prices stabilized in late October and early November and then rebounded. A subsequent dip found buying interest in early December at the higher low. Another rebound happened with another higher low.
Now LMT looks ready to break out to a new high for the move up. Prices are just above the 50-day moving average line, but still below the 200-day line. The On-Balance-Volume (OBV) line, has been rock-steady the past five months even when prices declined sharply. I consider this a sign of strength. The Moving Average Convergence Divergence (MACD) oscillator is just now crossing above the zero-line for a new outright go-long signal.
In this weekly Japanese candlestick chart of LMT, below, we can see long-term support in the $330 area. Prices are below the 40-week moving average line. The weekly OBV line has been holding the past three months, but really needs to turn higher to tell us that buyers of LMT have turned more aggressive. The MACD oscillator is crossing to a cover shorts buy signal.
In this daily Point and Figure chart of LMT, below, we can see a potential upside price target in the $384 area.
Bottom line strategy: Aggressive traders could go long LMT at current levels risking to $327 for now.
