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Watch for Lockheed Martin to Potentially Rebound After Falling 1.85% Yesterday

By Amy Schwartz

Lockheed Martin (NYSE:LMT) traded in a range yesterday that spanned from a low of $369.43 to a high of $375.32. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $373.33 on volume of 412,000 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 39.4%. We continue to monitor LMT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $241.18 and a high of $381.51 and are now at $369.92, which is 53% 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 0.6%.

Keywords: rebounders Lockheed Martin

Ticker(s): LMT