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Harris Corp Crosses Below its 10-day MA (HRS)

By Shiri Gupta

Today, shares of Harris Corp (NYSE:HRS) have fallen below their 10-day MA of $161.67 on a volume of 102K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Harris Corp has traded in a range of $123.24 to $175.50 and is now at $159.85, 30% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Harris Corp on January 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $137.99. Since that recommendation, shares of Harris Corp have risen 17.5%. We continue to monitor HRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses harris corp

Ticker(s): HRS