Lockheed Martin may have room to run - or fly

Lockheed Martin was a company mentioned in some areas this weekend, and it's in an industry that could indeed do well going forward. While I don't have an Elliott Wave count, I'll try to develop one. That large volume on a down day Friday is something to keep an eye on - maybe just for now, any buy on this should have a stop at Friday's low. At least pending further evaluation of the overall chart. The indicators aren't giving me any reason to stay away from this stock (just so long as stop loss is relatively close by for now):