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Harris Moving Above Resistance
Published on Thursday, 09 February 2012 18:16 Written by TradersHuddle Wire
New York, February 9th (TradersHuddle.com) - Shares of Harris Corporation (NYSE:HRS) closed the trading session at $42.48 just above calculated resistance at $42.18 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Harris Corporation (NYSE:HRS) is a 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.
Harris stock was trading in a well defined range with support at $37.77 and resistance at $42.18, given that this range was broken traders will be closely monitoring the stock
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Related Partner Headlines
- Harris Corporation Receives $39 Million Order from U.S. Special Operations - Benzinga
- Harris Corporation Awarded Healthcare IT Contract - Benzinga
- Harris Corporation Stock Downgraded (HRS) - TheStreet.com
- Harris Corporation Awarded Contract to Upgrade Air-to-Ground Radio Network at White Sands Missile Range - Benzinga
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- Harris Stock To Go Ex-dividend Monday (HRS) - TheStreet.com
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- UPDATE: Harris Corporation Increases Quarterly Dividend 18% to 33 Cents Per Share - Benzinga
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