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Martin Marietta Materials Bullish Moving Average Crossover Alert (MLM)

By Amy Schwartz

Today, shares of Martin Marietta Materials (NYSE:MLM) have crossed bullishly above their 10-day moving average of $230.69 on a volume of 149K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $244.32 and are now at $231.00, which is 113% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Martin Marietta Materials on April 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $221.13. Since that recommendation, shares of Martin Marietta Materials have risen 3.8%. 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