Learn to Evaluate (LHX) using the Charts

February 06, 2024, 03:36 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LHX

• Buy LHX slightly over 206.68 target n/a stop loss @ 206.08. Details

The technical summary data tells us to buy LHX near 206.68, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 206.08 to protect against excessive loss in case the stock begins to move against the trade. 206.68 is the first level of support below 207.14, and by rule, any test of support is a buy signal. In this case, if support 206.68 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for LHX

• Buy LHX slightly over 211.65, target n/a, Stop Loss @ 211.04 Details

If 211.65 begins to break higher, the technical summary data tells us to buy LHX just slightly over 211.65, with an upside target of n/a. The data also tells us to set a stop loss @ 211.04 in case the stock turns against the trade. 211.65 is the first level of resistance above 207.14, and by rule, any break above resistance is a buy signal. In this case, 211.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LHX slightly near 211.65, target 206.68, Stop Loss @ 212.26. Details

The technical summary data is suggesting a short of LHX if it tests 211.65 with a downside target of 206.68. We should have a stop loss in place at 212.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 211.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LHX

• Buy LHX slightly over 211.65, target n/a, Stop Loss @ 211.16 Details

If 211.65 begins to break higher, the technical summary data tells us to buy LHX just slightly over 211.65, with an upside target of n/a. The data also tells us to set a stop loss @ 211.16 in case the stock turns against the trade. 211.65 is the first level of resistance above 207.14, and by rule, any break above resistance is a buy signal. In this case, 211.65, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LHX slightly near 211.65, target 206.76, Stop Loss @ 212.14. Details

The technical summary data is suggesting a short of LHX if it tests 211.65 with a downside target of 206.76. We should have a stop loss in place at 212.14 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 211.65, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  L3harris Technologies Inc. (LHX) available here: LHX.

LHX Ratings for February 06:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	175.58
P2	204.41	206.61	191.4
P3	206.76	211.65	206.68

AI Generated Signals for LHX

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  L3harris Technologies Inc. (NYSE: LHX) report below can help you understand how to do this. The trading plans for LHX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.