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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 11:40:00 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 $245.29 and $227.01 (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 $245.29, about 2% to the upside. There is support at $229.41 -5% 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 137 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $223.9, a potential down side of -7.39% from the recent price of 241.76. The stock is trading 2.3% (potential upside) below its 52 week high of $247.33 and 45.71 % (potential downside) above its 52 week low of $165.92 - 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
| 2 Defense Stocks To Watch In October 2024 Defense stocks to keep on your radar in the stock market right now. Source: Stockmarketcom Mon, 07 Oct 2024 09:56:33 -0400 Sentiment: Positive |
| Cash Is Trash - 3 Undervalued Dividend Stocks For Any Market Holding cash can hurt long-term returns, especially if you miss out on the market's best days. Staying invested is often a smarter approach for most investors. While even experts hold cash during uncertainty, timing the market can be risky. Cash often underperforms well-picked dividend stocks over time. Instead of sitting on cash, I prefer high-quality dividend stocks that offer growth and income. They provide stability and potential gains in any market. Source: Seeking Alpha Mon, 07 Oct 2024 07:30:00 -0400 Sentiment: Positive |
| L3Harris Technologies: A Mispriced Gem Among U.S. Defense Stocks L3Harris Technologies is an undervalued defense stock with strong performance, benefiting from geopolitical tensions and bipartisan support for military spending. The company's LHX NeXt cost savings plan and strategic M&A, including Aerojet Rocketdyne, drive growth and operational efficiency. L3Harris offers a solid dividend yield, nearing Dividend Aristocrat status, and plans to increase dividends and continue its shares repurchase. Source: Seeking Alpha Wed, 02 Oct 2024 10:48:04 -0400 Sentiment: Positive |
| Ladner: Defense stocks are probably not a bad place to be right now. Scott Ladner, Chief Investment Officer at Horizon Investments, discussess Middle East tensions, defense stocks, and the Fed's rate cuts. He's optimistic about biotech and health care due to AI, and sees potential in small caps and cyclical sectors if the economy cools. Source: CNBC Television Wed, 02 Oct 2024 07:09:22 -0400 Sentiment: Positive |
| Defense Stocks Hit All-Time Highs Amid Middle East Escalation In a predictably grim phenomenon tied to outbreaks of global violence, aerospace and defense stocks climbed to record prices in an otherwise down day for the stock market, as Wall Street reacted to the latest escalation in the Middle East by anticipating larger contracts for military suppliers. Source: Forbes Tue, 01 Oct 2024 15:25:25 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 247.33 52 Week Low: 165.9223 Beta: 0.731 50 Day MA: 231.7184 200 Day MA: 219.4167 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.049 Qtr Revenue Growth YOY: 0.129 Forward PE: 16.9492 Trailing PE: 38.7436