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

By David Diaz

Today, shares of Lockheed Martin (NYSE:LMT) have fallen below their 10-day MA of $331.38 on a volume of 125K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Lockheed Martin share prices have moved between a 52-week high of $351.35 and a 52-week low of $241.18 and are now trading 37% above that low price at $330.33 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.54% higher over the past week, respectively.

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 $270.68. Since that recommendation, shares of Lockheed Martin have risen 24.0%. 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