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Lockheed Martin Bearish Moving Average Crossover Alert (LMT)

By James Quinn

Today, shares of Lockheed Martin (NYSE:LMT) have fallen below their 10-day MA of $240.77 on a volume of 197K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Lockheed Martin share prices have moved between a 52-week high of $245.37 and a 52-week low of $181.91 and are now trading 32% above that low price at $239.84 per share. 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 March 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $219.73. Since that recommendation, shares of Lockheed Martin have risen 9.9%. 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