L3Harris Technologies Inc (LHX): Price Now Near $213.63; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for LHX

Currently, LHX (Get Ratings)’s price is down $-0.65 (-0.3%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 50 hour changed directions on LHX; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

LHX ranks 6th in terms of today’s price percentage change out of Electronic Equipment stocks.

LHX’s Technical Outlook on the Daily Chart

At the time of this writing, LHX’s price is up $0.38 (0.18%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. L3Harris Technologies Inc’s price action over the past 90 days can be seen via the chart below.

LHX

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