March 14, 2012#KillirGuestPost by @Wesley_Harr ~~~~ #WesWords for today 2/14/12 ~~~~ With names in the defense space like Lockheed Martin (LMT) General Dynamics (GD) and Raytheon (RTN) hot as of late I am looking to some of the laggers to play some catch up. L-3 Communications Holdings (LLL) has coiled itself around the $70.00 area on its chart for the better part of half a year with $71.00 being upper end of resistance. To me it looks poised to break higher. Starting a long position around current valuations makes sense to me using the $69.00 area as your exit if the trade breaks against you. Name comes with a nice little 2.64 percent yield to lay your head on as well. Tomorrow I'll highlight another name in the space peeking my same sort of interest.
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