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Martin Marietta Materials Bearish Moving Average Crossover Alert (MLM)

By Amy Schwartz

Today, shares of Martin Marietta Materials (NYSE:MLM) have fallen below their 10-day MA of $170.55 on a volume of 190K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Martin Marietta Materials have traded between a low of $108.31 and a high of $178.67 and are now at $169.23, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 1.29% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Martin Marietta Materials on February 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $133.42. Since that recommendation, shares of Martin Marietta Materials have risen 29.8%. We continue to monitor MLM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Martin Marietta Materials

Ticker(s): MLM