L3Harris Technologies (stock symbol: LHX)
Fundamentals:
(1) Its non-GAAP earnings forward guidance was raised to $10/share, which is greater than 2018's 5.70 and 2019's 7.32.
(2) Their sales and earnings are experiencing an accelerate growth 3 quarters in a row now The last two quarters sales exploded (maybe because it is now a "new" or renewed company).
(3)...
Entry level $212 = Target price $234 = Stop loss $204
Bullish break from Flag/Channel
Approaching major resistance for all time highs
RSI in very strong uptrend
Momentum indicator bullish
MACD has bullishly crossed above zero line
Histogram ticking higher.
Obvious issues worldwide a stimulant to the stock
LHX has been fighting resistance at the $215 level and has tested it 4 times. The moving averages are curling up nicely under the price action and there is increasing volume on this last push. If it can breakout to all time highs i can see it running up to $227 based on its weekly chart range on breakouts.
