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SmarTrend Watching for Potential Rebound in Shares of Lockheed Martin After 1.30% Loss

By David Diaz

Lockheed Martin (NYSE:LMT) traded in a range yesterday that spanned from a low of $366.59 to a high of $372.46. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $374.14 on volume of 452,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Lockheed Martin have traded between a low of $266.11 and a high of $442.53 and are now at $364.54, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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