The PEAD projected a Bullish outlook for $LHX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Due to the invasion this company could play a large role in producing short term resources for the government. Small play up to 275.
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LHX: L3Harris Technologies, Inc. 2021-11-15 07:00:00 L3Harris to Upgrade Space Force Counter-Communications Via $125 Million Contract
LHX: L3Harris Technologies, Inc. 2021-08-18 09:00:00 US Special Operations Command Awards L3Harris Technologies $96 Million Contract for WESCAM MX™-Series Sensors and Support
LHX breaking out of 30 Month Long Ascending Triangle Price holding well above 200 DMA Volume is on a lower side want to see higher volumes Dividend paying stock
LHX: L3Harris Technologies, Inc. 2021-08-04 09:00:00 US Navy Awards L3Harris Technologies $393 Million Undersea Training Range Contract
L3 Harris Technologies NYSE:LHX Momentum indicator suggests break to the upside is in play. Confluence of both bulls and bears are presented by the arrows Long stochastic moving up.
Please note this is only an idea, invest at your own risk. The price shows a nice and steady move up high, supported by trendlines. There are two levels of support not too far from current price, which can act as good entry points. A more safer play can be to enter at 220, once it passes the 219 resistance. Then expect price to eventually test 230 resistance....
LHX has tested the 192 level now 5 times, looking for it to break through on the 6 time with more supply from that level being taken out. It has also posted a head/shoulders pattern. Aerospace is getting bullish again and this had a low day due to a dividend payout compared to the rest of the industry. I think this is bound to breakout to the 197-200 level.
LHX currently testing resistance of a large symmetrical triangle. Current 1, 2, 3, 4, and daily stochastics pointing down so I'd expect a retest of the support line in the coming weeks at around $172/share. Targets for later this year around $271/share or $91/share.
I believe L3Harris is poised to go up the next couple of months. Yesterday showed a high volume up bar during the pullback to the horizontal support line.
NYSE:LHX - Golden Cross taking place - MACD Sloping up - Bounce from 50% Fib level - Buy @ $ 192.37 - 1st target @ $ 196.82 - 2nd target @ $ 200.32 - 3rd target @ $ 209.74 - Stop loss @ $180.00
LHX has a nice set up, ready for a swing upward. The Bollinger band is the tightest it's been for months, and other companies in this industry have been rallying nicely. I'm considering a straddle, but I honestly think LHX will be majority upside move. Target price is $200 9/18 185 Calls 10/16 190 Calls