How the price action of L3harris Technologies Inc (LHX) is used to our Advantage

December 14, 2021, 09:45 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  L3harris Technologies Inc (NYSE: LHX) data table below can help you with price action, and we have more details too. Trading plans for LHX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for LHX

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short LHX under 223.39, target n/a, stop loss @ 224.04 Details

The technical summary data is suggesting a short of LHX as it gets near 223.39, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 224.04. 223.39 is the first level of resistance above 212, and by rule, any test of resistance is a short signal. In this case, if resistance 223.39 is being tested, so a short signal would exist.

Swing Trading Plans for LHX

• Buy LHX slightly over 212.66, target 218.34, Stop Loss @ 212.05 Details

If 212.66 begins to break higher, the technical summary data tells us to buy LHX just slightly over 212.66, with an upside target of 218.34. The data also tells us to set a stop loss @ 212.05 in case the stock turns against the trade. 212.66 is the first level of resistance above 212, and by rule, any break above resistance is a buy signal. In this case, 212.66, 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 near 212.66, target n/a, Stop Loss @ 213.27. Details

The technical summary data is suggesting a short of LHX if it tests 212.66 with a downside target of n/a. We should have a stop loss in place at 213.27 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, 212.66, 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 212.66, target 216.11, Stop Loss @ 212.16 Details

If 212.66 begins to break higher, the technical summary data tells us to buy LHX just slightly over 212.66, with an upside target of 216.11. The data also tells us to set a stop loss @ 212.16 in case the stock turns against the trade. 212.66 is the first level of resistance above 212, and by rule, any break above resistance is a buy signal. In this case, 212.66, 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 near 212.66, target n/a, Stop Loss @ 213.16. Details

The technical summary data is suggesting a short of LHX if it tests 212.66 with a downside target of n/a. We should have a stop loss in place at 213.16 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, 212.66, 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.

LHX Ratings for December 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	223.39
P2	216.11	212.66	237.16
P3	217.88	218.34	250.04

Support and Resistance Plot Chart for LHX

Real Time Updates for Repeat Institutional Readers:

Factset: Request User/Pass

Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.