On Tuesday, L3Harris Technologies reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 82, a rise from 79 the day before.
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This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds 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 often have an RS Rating north of 80 in the early stages of their moves.
L3Harris Technologies is still within a buying range after climbing above a 280.52 entry in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.
L3Harris Technologies saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 16%. Revenue rose from -2% to 2%.
L3Harris Technologies holds the No. 30 rank among its peers in the Aerospace/Defense industry group. Karman Holdings, GE Aerospace and Espey Mfg & Elec 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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