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Harris Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Harris Corp (NYSE:HRS) traded at a new 52-week high today of $123.11. So far today approximately 80,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

Harris Corp has overhead space with shares priced $122.67, or 0.4% below the average consensus analyst price target of $123.12. Harris Corp shares have support at the 200-day moving average (MA) of $79.36 and additional support at the 50-day MA of $78.33.

Harris Corporation is an international communications equipment company focused on product, system, and service solutions. The Company provides a range of mission critical communications products, systems, and services for global markets, including defense communications and electronics, government and broadcast communications, and wireless transmission network solutions.

Harris Corp share prices have moved between a 52-week high of $123.11 and a 52-week low of $78.42 and are now trading 56% above that low price at $122.67 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Harris Corp on May 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.49. Since that recommendation, shares of Harris Corp have risen 10.7%. We continue to monitor HRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows harris corp

Ticker(s): HRS