Trading L3harris Technologies Inc $LHX With Integrated Risk Controls

September 24, 2023, 09:00 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LHX

• Buy LHX slightly over 167.66 target 178.13 stop loss @ 167.18 Details

The technical summary data tells us to buy LHX near 167.66 with an upside target of 178.13. This data also tells us to set a stop loss @ 167.18 to protect against excessive loss in case the stock begins to move against the trade. 167.66 is the first level of support below 173.57 , and by rule, any test of support is a buy signal. In this case, support 167.66 would be being tested, so a buy signal would exist.

• Short LHX slightly under 178.13, target 167.66, stop loss @ 178.64 Details

The technical summary data is suggesting a short of LHX as it gets near 178.13 with a downside target of 167.66. We should have a stop loss in place at 178.64though. 178.13 is the first level of resistance above 173.57, and by rule, any test of resistance is a short signal. In this case, if resistance 178.13 is being tested, so a short signal would exist.

Swing Trading Plans for LHX

• Buy LHX slightly over 177.82, target 178.13, Stop Loss @ 177.31 Details

If 177.82 begins to break higher, the technical summary data tells us to buy LHX just slightly over 177.82, with an upside target of 178.13. The data also tells us to set a stop loss @ 177.31 in case the stock turns against the trade. 177.82 is the first level of resistance above 173.57, and by rule, any break above resistance is a buy signal. In this case, 177.82, 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 177.82, target 172.66, Stop Loss @ 178.33. Details

The technical summary data is suggesting a short of LHX if it tests 177.82 with a downside target of 172.66. We should have a stop loss in place at 178.33 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, 177.82, 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 174.42, target 177.37, Stop Loss @ 174.01 Details

If 174.42 begins to break higher, the technical summary data tells us to buy LHX just slightly over 174.42, with an upside target of 177.37. The data also tells us to set a stop loss @ 174.01 in case the stock turns against the trade. 174.42 is the first level of resistance above 173.57, and by rule, any break above resistance is a buy signal. In this case, 174.42, 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 174.42, target 172.66, Stop Loss @ 174.83. Details

The technical summary data is suggesting a short of LHX if it tests 174.42 with a downside target of 172.66. We should have a stop loss in place at 174.83 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, 174.42, 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 September 24:

Term →	Near	Mid	Long
Rating	Strong	Weak	Weak
P1	0	0	167.66
P2	174.42	172.66	178.13
P3	177.37	177.82	190.10

AI Generated Signals for LHX

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