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Lockheed Martin Bearish Moving Average Crossover Alert (LMT)

By Shiri Gupta

Today, shares of Lockheed Martin (NYSE:LMT) have crossed bearishly below their 10-day moving average of $316.81 on a volume of 171K shares. This may provide swing traders with 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 $363.00 and a 52-week low of $291.52 and are now trading 8% above that low price at $314.87 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Lockheed Martin and will alert subscribers who have LMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Lockheed Martin

Ticker(s): LMT