The Relative Strength (RS) Rating for L3Harris Technologies climbed into a new percentile Friday, with an increase from 78 to 81.
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IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
L3Harris Technologies is still within a buy zone after clearing a 257.79 buy point in a cup with handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Earnings grew 16% last quarter, up from 7% in the prior report. Revenue also increased, from -2% to 2%.
L3Harris Technologies holds the No. 19 rank among its peers in the Aerospace/Defense industry group. AAR Corp, Espey Mfg & Elec and GE Aerospace are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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