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Lockheed Martin Crosses Above its 10-day MA (LMT)

By Nick Russo

Today, shares of Lockheed Martin (NYSE:LMT) have advanced above their 10-day MA of $278.68 on a volume of 127K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Lockheed Martin share prices have moved between a 52-week high of $284.00 and a 52-week low of $181.91 and are now trading 54% above that low price at $279.80 per share. 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 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 6.0%. 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