Lockheed Martin Looks to Continue to Trade Above its Annual-High Share Price Today
Shares of Lockheed Martin (NYSE:LMT) traded at a new 52-week high today of $236.84. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.
Lockheed Martin share prices have moved between a 52-week high of $236.84 and a 52-week low of $181.91 and are now trading 30% above that low price at $236.67 per share. The 200-day and 50-day moving averages have moved 0.22% higher and 0.54% higher over the past week, respectively.
Lockheed Martin (NYSE:LMT) is currently priced 4.9% above its average consensus analyst price target of $225.06. The stock should find initial support at its 50-day moving average (MA) of $223.12 and further support at its 200-day MA of $214.87.
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 is tracking the current trend status for Lockheed Martin and will alert subscribers who have LMT in their portfolio or watchlist when shares have changed trend direction.
Keywords: 52 week high/lows Lockheed Martin