LMT looks like it has completed its correction after holding under 228 and almost returning to 200 as we can see in the daily chart.LMT Daily Chart 3/7(click to enlarge)Technical Signals: - Price held above the 200-day simple moving average for the most part except for a couple of times in January and February, but they were brief violations. - The RSI held above 40 for the most part except for an instance in January.Bullish: Basically, the above conditions suggest that the prevailing bullish momentum and bias were almost intact. Now that price is back above the cluster of 200-, 100-, and 50-day simple moving averages, the bullish bias has been revived. Additionally, price has broken a falling trendline, adding to the bullish breakout scenario. At this point, the 227.50 high is back in sight, with risk of extending further in-line with the prevailing trend. There might be some choppiness, but if the market has turned bullish, price should hold above 212. A break below 210 on the other hand should shelf the current bullish outlook because more consolidation or bearish correction could be at hand.