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Lockheed Martin: The Winning Streak Continues (LMT)

By James Quinn

Lockheed Martin (NYSE:LMT) traded at a new 52-week high today of $294.33. Approximately 220,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Based on a current price of $293.99, Lockheed Martin is currently 1.2% above its average consensus analyst price target of $290.40. The stock should find initial support at its 50-day moving average (MA) of $223.55 and further support at its 200-day MA of $215.04.

Lockheed Martin share prices have moved between a 52-week high of $294.33 and a 52-week low of $228.50 and are now trading 29% above that low price at $293.99 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 0.74% higher over the past week, respectively.

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company 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 11.3%. 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