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Lockheed Martin (LMT) Upgrade Alert, Watch for 6.6% Technical Downtrend Reversal

Sep 01, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Lockheed Martin Corp. (LMT)

Lockheed Martin (NYSE:LMT) upgraded to Buy from Hold at Citigroup. The stock closed yesterday at $74.98 on volume of 2,328,800 shares, below average daily volume of 2,651,704.

Lockheed Martin is currently below its 50-day moving average of $77.15 and below its 200-day moving average of $76.56.

SmarTrend is bearish on shares of LMT and our subscribers received a Downtrend alert on June 25, 2009 at $80.25, which has returned 6.6% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Company: Lockheed Martin Corp. (LMT)


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