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

By David Diaz

Lockheed Martin (NYSE:LMT) crossed over its 10-day moving average of $384.17 on a volume of 151K 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.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $241.18 and a high of $393.43 and are now at $385.20, which is 60% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Lockheed Martin on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $270.67. Since that recommendation, shares of Lockheed Martin have risen 40.9%. 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