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Lockheed Martin (LMT) Downgrade Alert, Watch for 2.3% Technical Downtrend Continuation

Oct 21, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Lockheed Martin Corp. (LMT)

Lockheed Martin (NYSE:LMT) downgraded to Market Perform from Outperform at Morgan Keegan. The stock closed yesterday at $71.99 on volume of 12,738,100 shares, above average daily volume of 3,289,627.

Lockheed Martin is currently below its 50-day moving average of $75.70 and below its 200-day moving average of $76.47.

SmarTrend is bearish on shares of LMT and our subscribers received a Downtrend alert on October 08, 2009 at $73.68, which has returned 2.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Lockheed Martin Corp. (LMT)


Related terms: market, nyse, securities

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