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Lockheed Martin Set to Possibly Pullback After Yesterday's Rally of 1.17%

By Nick Russo

Lockheed Martin (NYSE:LMT) traded in a range yesterday that spanned from a low of $344.55 to a high of $347.65. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $346.25 on volume of 448,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Lockheed Martin share prices have moved between a 52-week high of $363.00 and a 52-week low of $228.50 and are now trading 52% above that low price at $346.31 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Lockheed Martin and will alert subscribers who have LMT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Lockheed Martin

Ticker(s): LMT