Lockheed Martin has been one of the strongest names in defense – maybe the entire market – in 2018. In fact, if we look at its chart from November 2017, we see the stock is up nearly 20%. Not too bad for a mega-cap name!

Lately, this stock has been moving up like a champ, and it’s likely to make a move into much higher ground soon.

Monday was a robust day on very strong turnover, and we would like to see a bit of followthrough in the coming days.

Looking at the indicators, the MACD is on a buy signal, money flow just turned positive again and RSI has a nice steep slope with a solid trajectory. Taken together, these readings tell us this stock is out-performing the market.