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Lockheed Martin Bearish Moving Average Crossover Alert (LMT)

By David Diaz

Lockheed Martin (NYSE:LMT) crossed under its 10-day moving average of $255.71 on a volume of 592K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $181.91 and a high of $263.37 and are now at $255.33, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.74% higher over the past week, respectively.

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 16.8%. 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