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Lockheed Martin Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Lockheed Martin (NYSE:LMT) traded today at a new 52-week high of $280.79. Approximately 572,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Lockheed Martin (NYSE:LMT) has potential upside of 1.0% based on a current price of $279.61 and analysts' consensus price target of $282.42. The stock should discover initial support at its 50-day moving average (MA) of $223.55 and subsequent support at its 200-day MA of $215.04.

In the past 52 weeks, Lockheed Martin share prices have been bracketed by a low of $181.91 and a high of $280.79 and are now at $279.61, 54% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company's businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

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 3.9%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Lockheed Martin

Ticker(s): LMT