Recent 52-Week High Exceeded in Shares of Lockheed Martin (LMT)
Shares of Lockheed Martin (NYSE:LMT) traded at a new 52-week high today of $245.80. So far today approximately 169,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.
Lockheed Martin share prices have moved between a 52-week high of $245.80 and a 52-week low of $181.91 and are now trading 35% above that low price at $245.76 per share. 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) defies analysts with a current price ($245.76) 8.4% above its average consensus price target of $225.06. The stock should discover initial support at its 50-day moving average (MA) of $223.55 and subsequent 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 11.1%. 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