HRS pops to highest close since August 21st


Harris Corporation (HRS) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

HRS closes higher for the 5th day in a row
HRS ends the day on a bullish note closing near the high of the day
HRS pushes through previous session high
HRS rises to highest close since August 21st

Overview

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.

Daily Candlestick Chart (HRS as at Sep 14, 2018):

Daily technical analysis candlestick chart for Harris Corporation (HRS) as at Sep 14, 2018

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.


Market Conditions for HRS as at Sep 14, 2018

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