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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
09/06/2024 16:10:00 EST
L3Harris Technologies Inc (LHX)
Industry: Aerospace & Defense
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, LHX has been trading in a range between $235.49 and $224.93 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
LHX is trading below resistance at $243.27, about 7% to the upside. There is support at $225.96 -1% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
L3Harris Technologies Inc $LHX entered a Green zone 14 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $223.9, a potential down side of -1.47% from the recent price of 227.23. The stock is trading 7.54% (potential upside) below its 52 week high of $244.37 and 44.9 % (potential downside) above its 52 week low of $156.82 - based on the recent price.
Company Summary
L3Harris Technologies, Inc provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors.
News
| L3Harris CEO on subcontracting with Palantir, global geopolitical risks and defense sector outlook Chris Kubasik, L3Harris Technologies CEO, joins 'Closing Bell: Overtime' to discuss subcontracting with Palantir, global geopolitical risks and defense sector outlook. Source: CNBC Television Thu, 05 Sep 2024 17:30:49 -0400 Sentiment: Positive |
| L3Harris CEO on 2024 election, global threats and embracing defense's 'disruptor' label L3Harris CEO on 2024 election, global threats and embracing defense's "disruptor" label Description: Morgan Brennan sits down with L3Harris Chair and CEO Chris Kubasik at the Jefferies Industrials Conference for an exclusive interview. They talk disruption in the defense industry, what Kubasik says needs to change about the Department of Defense's contract process, how the election could impact the industry and more. Source: CNBC Television Thu, 05 Sep 2024 16:44:22 -0400 Sentiment: Neutral |
| L3Harris Technologies, Inc. (LHX) Jefferies Global Industrials Conference (Transcript) L3Harris Technologies, Inc. (NYSE:LHX ) Jefferies Global Industrials Conference September 5, 2024 8:40 AM ET Company Participants Christopher Kubasik - Chairman and CEO Kenneth Bedingfield - SVP and CFO Conference Call Participants Sheila Kahyaoglu - Jefferies Sheila Kahyaoglu Good morning everyone. My name is Sheila Kahyaoglu with the Jefferies Aerospace Defense and Airlines Equity Research Team. Source: Seeking Alpha Thu, 05 Sep 2024 11:27:02 -0400 Sentiment: Neutral |
| L3Harris: A Must-Own Stock In A World Of Growing Defense Budgets L3Harris Technologies is a fast-growing defense contractor benefiting from global military expenditure and U.S. military modernization, with strong revenue and EPS growth. LHX's strategic acquisitions, including Aerojet Rocketdyne, enhance its capabilities in missile defense and propulsion, positioning it well for future growth. Despite elevated debt, management aims for deleveraging and returning excess cash to shareholders, supported by a robust project backlog and consistent dividend growth. Source: Seeking Alpha Sat, 31 Aug 2024 08:10:00 -0400 Sentiment: Positive |
| 3 Dividend Stocks I Cannot Buy Enough Of Concerns about a U.S. recession persist despite mixed economic signals. Leading indicators suggest a downturn, but some market metrics remain strong, adding uncertainty. Rate cuts are anticipated, providing a potential buffer against economic weakness. The dollar's trajectory is crucial for investors, particularly those with international exposure. Despite high valuations, certain sectors offer attractive opportunities. Strategic investments can capitalize on resilient trends and the potential for future growth. Source: Seeking Alpha Thu, 22 Aug 2024 07:30:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 244.3748 52 Week Low: 156.8214 Beta: 0.732 50 Day MA: 230.3326 200 Day MA: 215.4794 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.049 Qtr Revenue Growth YOY: 0.129 Forward PE: 15.9236 Trailing PE: 36.3568