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Lockheed Martin (LMT) Approaches New Upside Target of $428.47

By James Quinn

Lockheed Martin (NYSE:LMT) has opened bullishly above the pivot of $425.00 today and has reached the first level of resistance at $427.33. Analysts will be watching for a cross of the next upside pivot targets of $428.47 and $431.94.

Lockheed Martin (NYSE:LMT) is currently priced 12.9% above its average consensus analyst price target of $372.18. Lockheed Martin shares have support at the 50-day moving average (MA) of $414.32 and additional support at the 200-day MA of $381.59.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $292.53 and a high of $442.53 and are now at $427.44, which is 46% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% 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: pivot alerts Lockheed Martin

Ticker(s): LMT