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Lockheed Martin: The Winning Streak Continues (LMT)

By Amy Schwartz

Shares of Lockheed Martin (NYSE:LMT) traded today at $249.75, breaking its 52-week high. Approximately 186,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

In the past 52 weeks, Lockheed Martin share prices have been bracketed by a low of $181.91 and a high of $249.75 and are now at $249.51, 37% 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.

Lockheed Martin (NYSE:LMT) is currently priced 9.8% above its average consensus analyst price target of $225.06. The stock should find initial support at its 50-day moving average (MA) of $223.55 and further support at its 200-day MA of $215.04.

SmarTrend recommended that subscribers consider buying shares of Lockheed Martin on March 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $219.73. Since that recommendation, shares of Lockheed Martin have risen 12.9%. 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