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Lockheed Martin: 52-Week High Recently Eclipsed (LMT)

By Nick Russo

Shares of Lockheed Martin (NYSE:LMT) traded at a new 52-week high today of $296.50. This new high was reached on below average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

Lockheed Martin (NYSE:LMT) is currently priced 1.9% above its average consensus analyst price target of $290.40. Lockheed Martin shares have support at the 50-day moving average (MA) of $223.55 and additional support at the 200-day MA of $215.04.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $228.50 and a high of $296.50 and are now at $295.88, which is 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Lockheed Martin on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $262.51. Since that recommendation, shares of Lockheed Martin have risen 12.7%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Lockheed Martin

Ticker(s): LMT