HRS pops to highest close since August 21st
Harris Corporation (HRS) Technical Analysis Report for Sep 14, 2018
Moving higher for the 5th day in a row, HRS finished the week 2.83% higher at 164.72 after gaining $1.25 (0.76%) today. Today's closing price of 164.72 marks the highest close since August 21st. Closing above Thursday's high at 163.60, the stock confirms its breakout through the previous session's high having traded $1.48 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $1.84 (1.12%), that's slightly below last trading month's daily average range of $1.90. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.
Prices are trading close to the key resistance level at 165.64.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
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