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Lockheed Martin Bullish Moving Average Crossover Alert (LMT)

By Nick Russo

Today, shares of Lockheed Martin (NYSE:LMT) have crossed bullishly above their 10-day moving average of $281.24 on a volume of 222K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Lockheed Martin has traded in a range of $228.50 to $284.98 and is now at $282.44, 24% 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 February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $262.51. Since that recommendation, shares of Lockheed Martin have risen 6.9%. 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