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Watch for Harris Corp to Potentially Rebound After Falling 1.32% Yesterday

By Shiri Gupta

Harris Corp (NYSE:HRS) traded in a range yesterday that spanned from a low of $152.07 to a high of $157.22. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $154.15 on volume of 256,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Harris Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Harris Corp in search of a potential trend change.

In the past 52 weeks, Harris Corp share prices have been bracketed by a low of $133.66 and a high of $170.72 and are now at $152.84, 14% 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 0.2%.

Keywords: rebounders harris corp

Ticker(s): HRS