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Shares of Harris Rise Above Previous 52-Week High

By David Diaz

Shares of Harris (NYSE:HRS) traded today at $94.09, breaking its 52-week high. Approximately 78,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Harris (NYSE:HRS) has potential upside of 2.1% based on a current price of $93.65 and analysts' consensus price target of $95.57. The stock should find initial support at its 200-day moving average (MA) of $79.36 and further support at its 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 communications, broadcast communications and wireless transmission network solutions.

In the past 52 weeks, shares of Harris have traded between a low of $70.10 and a high of $94.09 and are now at $93.65, which is 34% above that low price. 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 on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.45. Since that recommendation, shares of Harris have risen 16.5%. 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

Ticker(s): HRS