Bullish Moving Average Cross by Lockheed Martin (LMT)

Published on Mon, 03/02/2015 - 12:01
By Robert Cotter in Moving average crossovers, LMT, lockheed martin, moving crosses, nyse:lmt

Today, shares of Lockheed Martin (NYSE:LMT) have advanced above their 10-day MA of $202.30 on a volume of 349K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

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.

Potential upside of 1.6% exists for Lockheed Martin, based on a current level of $202.76 and analysts' average consensus price target of $206.06. Lockheed Martin shares have support at the 50-day moving average (MA) of $195.02 and additional support at the 200-day MA of $179.00.

Over the past year, Lockheed Martin has traded in a range of $153.54 to $207.06 and is now at $202.76, 32% above that low. The 200-day and 50-day moving averages have moved 0.53% higher and 0.84% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

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