When (LHX) Moves Investors should Listen

March 09, 2024, 06:28 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LHX

• Buy LHX slightly over 213.84 target n/a stop loss @ 213.22. Details

The technical summary data tells us to buy LHX near 213.84, 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 213.22 to protect against excessive loss in case the stock begins to move against the trade. 213.84 is the first level of support below 214.6, and by rule, any test of support is a buy signal. In this case, if support 213.84 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 215.89, target n/a, Stop Loss @ 215.27 Details

If 215.89 begins to break higher, the technical summary data tells us to buy LHX just slightly over 215.89, with an upside target of n/a. The data also tells us to set a stop loss @ 215.27 in case the stock turns against the trade. 215.89 is the first level of resistance above 214.6, and by rule, any break above resistance is a buy signal. In this case, 215.89, 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 215.89, target 213.84, Stop Loss @ 216.51. Details

The technical summary data is suggesting a short of LHX if it tests 215.89 with a downside target of 213.84. We should have a stop loss in place at 216.51 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, 215.89, 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 215.89, target 217.69, Stop Loss @ 215.39 Details

If 215.89 begins to break higher, the technical summary data tells us to buy LHX just slightly over 215.89, with an upside target of 217.69. The data also tells us to set a stop loss @ 215.39 in case the stock turns against the trade. 215.89 is the first level of resistance above 214.6, and by rule, any break above resistance is a buy signal. In this case, 215.89, 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 215.89, target 213.84, Stop Loss @ 216.39. Details

The technical summary data is suggesting a short of LHX if it tests 215.89 with a downside target of 213.84. We should have a stop loss in place at 216.39 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, 215.89, 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 March 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	183.41
P2	213.82	211.45	198.82
P3	217.69	215.89	213.84

AI Generated Signals for LHX

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