L-3 Communications: 52-Week High Recently Eclipsed (LLL)
L-3 Communications (NYSE:LLL) traded at a new 52-week high today of $127.76. This new high was reached on below average trading volume as 309,000 shares traded hands, while the average 30-day volume is approximately 900,000 shares.
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.
In the past 52 weeks, L-3 Communications share prices have been bracketed by a low of $99.33 and a high of $127.76 and are now at $127.49, 28% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.95% higher over the past week, respectively.
L-3 Communications has overhead space with shares priced $127.49, or 1.2% below the average consensus analyst price target of $129.10. L-3 Communications shares have support at the 50-day moving average (MA) of $119.40 and additional support at the 200-day MA of $116.85.
SmarTrend recommended that subscribers consider buying shares of L-3 Communications on September 4th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $111.88. Since that recommendation, shares of L-3 Communications have risen 12.0%. 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