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Lockheed Martin Bearish Moving Average Crossover Alert (LMT)

By Nick Russo

Lockheed Martin (NYSE:LMT) crossed under its 10-day moving average of $348.21 on a volume of 692K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Lockheed Martin has traded in a range of $228.50 to $363.00 and is now at $347.24, 52% above that low. The 200-day and 50-day moving averages have moved 0.31% higher and 0.74% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Lockheed Martin. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lockheed Martin in search of a potential trend change.

Keywords: moving crosses Lockheed Martin

Ticker(s): LMT