Lockheed Martin Corporation shows a strong performance for several trading sessions.

The fundamental qualities of the group are clearly attractive as evidenced by the Surperformance ratings. Analysts expect that profitability will improve in the coming years. Thus, net margin should reach 8% this year. Moreover, revenue and EPS estimates have been revised upwardly. The company seems undervalued compared to its peers according to its P/E ratio at 15.32 times 2014 estimates. The group enjoys a positive newsflow, Canada is near to buy 65 F-35 fighters jets for USD 8.2 billion.

From a technical viewpoint, the stock follows a long term bullish trend. Prices are close to a strong resistance level that stopped their progression several times. The share should cross this level in the coming trading sessions as actual level is near to a significant trendline which supports the price progression. Once broke out, the stock will surely renew its bullish trend.

Investors could take a buying position once prices will be above the resistance of USD 167.6. The target will then be USD 184. Nonetheless, a stop loss will be positioned under USD 165 protecting from a consolidation movement.