Harris $HRS Technical Update – Stock Traders Daily

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Harris $HRS Technical Update

The Harris (NYSE: HRS) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for HRS, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 160.65 157.00 144.25
P2 162.48 166.29 158.87
P3 164.38 176.11 174.08

Long Term Trading Plans for HRS

September 5, 2018, 11:15 pm ET

The Technical Summary and Trading Plans for HRS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HRS Report.

HRS – (Long) Support Plan

Buy over 158.87 target 174.08 stop loss @ 158.61.
The technical summary data tells us to buy HRS near 158.87 with an upside target of 174.08. This data also tells us to set a stop loss @ 158.61 to protect against excessive loss in case the stock begins to move against the trade. 158.87 is the first level of support below 163.19 , and by rule, any test of support is a buy signal. In this case, support 158.87 is being tested, a buy signal would exist.

HRS – (Short) Resistance Plan

Short under 174.08 target 158.87 stop loss @ 174.34
The technical summary data is suggesting a short of HRS as it gets near 174.08 with a downside target of 158.87. We should have a stop loss in place at 174.34 though. 174.08 is the first level of resistance above 163.19, and by rule, any test of resistance is a short signal. In this case, if resistance 174.08 is being tested, a short signal would exist.

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