Lockheed Martin Bearish Moving Average Crossover Alert (LMT)
Lockheed Martin (NYSE:LMT) crossed under its 10-day moving average of $239.56 on a volume of 281K 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 $181.91 to $245.37 and is now at $238.12, 31% above that low. 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 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 9.2%. 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