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Lockheed Martin Set to Possibly Rebound After Yesterday's Selloff of 2.89%

By James Quinn

Lockheed Martin (NYSE:LMT) traded in a range yesterday that spanned from a low of $341.44 to a high of $349.62. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $350.15 on volume of 941,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Lockheed Martin on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $270.68. Since that recommendation, shares of Lockheed Martin have risen 29.9%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Lockheed Martin share prices have moved between a 52-week high of $358.63 and a 52-week low of $241.18 and are now trading 42% above that low price at $341.46 per share. The 200-day and 50-day moving averages have moved 0.14% higher and 1.08% higher over the past week, respectively.

Keywords: rebounders Lockheed Martin

Ticker(s): LMT