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Stock Investors Bid Up Shares of Lockheed Martin, Up 2.3%

Published on Tue, 04/23/2013 - 10:32
By Adrienne Chilton

One of today's stocks on the move is Lockheed Martin (NYSE:LMT), up 2.3% to $98.08. The Dow is up 0.9% to 14,700 and the S&P is currently up 0.9% to 1,576.

Based on a current price of $98.08, Lockheed Martin is currently 1.5% above its average consensus analyst price target of $96.64. The stock should discover initial support at its 50-day moving average (MA) of $91.71 and subsequent support at its 200-day MA of $91.47.

Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company's businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

Lockheed Martin share prices have moved between a 52-week high of $99.49 and a 52-week low of $80.14 and are now trading 22% above that low price at $98.08 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

By Adrienne Chilton
achilton@fnno.com