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Lockheed Martin Bearish Moving Average Crossover Alert (LMT)

By David Diaz

Today, shares of Lockheed Martin (NYSE:LMT) have fallen below their 10-day MA of $270.63 on a volume of 893K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Lockheed Martin share prices have been bracketed by a low of $181.91 and a high of $276.64 and are now at $270.08, 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

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 5.2%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Lockheed Martin

Ticker(s): LMT