L-3 Communications: 52-Week High Recently Eclipsed (LLL)
L-3 Communications (NYSE:LLL) traded at a new 52-week high today of $85.44. Approximately 63,000 shares have changed hands today, as compared to an average 30-day volume of 600,000 shares.
In the past 52 weeks, L-3 Communications share prices have been bracketed by a low of $66.46 and a high of $85.44 and are now at $85.15, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
L-3 Communications (NYSE:LLL) is currently priced 8.2% above its average consensus analyst price target of $78.18. The stock should discover initial support at its 50-day moving average (MA) of $81.28 and subsequent support at its 200-day MA of $76.08.
L-3 Communications Holdings, Inc. is a prime system contractor in aircraft modernization and maintenance, Command, Control, Communications, Intelligence, Surveillance and Reconnaissance (C3ISR) systems, and government services. The Company's customers include the DoD, aerospace prime contractors, and commercial telecommunications customers.
SmarTrend recommended that subscribers consider buying shares of L-3 Communications on March 13th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.28. Since that recommendation, shares of L-3 Communications have risen 8.7%. We continue to monitor LLL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows l-3 communications