L3Harris Technologies stock had its Relative Strength (RS) Rating upgraded from 79 to 82 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of above 80 as they begin their biggest climbs.
Is L3 Harris Technologies Stock A Buy?
L3Harris Technologies stock is trying to complete a wide cup without handle with a 265.74 buy point. See if the aerospace defense stock can break out in volume at least 40% above average.
While the aerospace company's top line growth fell last quarter from 3% to -2%, the bottom line grew 7%, up from 4% in the previous report.
L3Harris Technologies stock earns the No. 29 rank among its peers in the Aerospace/Defense industry group. Astronics, Espey Mfg & Elec and Heico are among the top 5 highly rated stocks within the group. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
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