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Shares of Lockheed Martin Rise to a New 52-Week High

By Shiri Gupta

Lockheed Martin (NYSE:LMT) traded at a new 52-week high today of $284.86. This new high was reached on below average trading volume as 182,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $181.91 and a high of $284.86 and are now at $284.40, which is 56% 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 (NYSE:LMT) defies analysts with a current price ($284.40) 0.7% above its average consensus price target of $282.42. Lockheed Martin shares have support at the 50-day moving average (MA) of $223.55 and additional support at the 200-day MA of $215.04.

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.

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 7.5%. 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