One defense stock has fallen so far it's attractive for a short-term bounce and longer-term, Jay Woods says

The recent move in Lockheed Martin ( LMT ) was a classic "buy the rumor, sell the news" story. The initial attack on Iran started on Saturday February 28 and the peak in the stock was literally the first trading day after the conflict started, Monday, March 2. Since then, shares have traded lower by over 28% and are now nearing key technical support levels that make the stock look very interesting for both a short-term bounce as well as a potential longer-term entry point. …