After a month, L3Harris Technologies, Inc. (LHX) achieved new all-time highs again. Throughout this time, the price fell to $216.38 (-7.63% drawdown), where it marked the lowest point between the previous all-time high and the recent one. L3Harris Technologies, Inc. (LHX) stock inched last Friday a 1.10% closing at $233.17 and setting the new all-time highs at $234.36.
L3Harris stock started an uptrend last January, and grew a gorgeous 40.22%. The price action shows higher peaks and higher troughs, and along the way provided some entry points for those who wanted to enter. Latest pullback was on October 4, when price bounced at $216.38. Like in all uptrends, price needs to take breath and now price is moving in a range between $234.25 and $216.38
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modifications, and periodic depot maintenance services for ISR and airborne missions.. The stock belongs to the Aerospace & Defense industry in the Capital Goods sector. The company's Headquarters are in Melbourne, United States, and has 47,000 employees worldwide. Check for further information at its corporate website at http://www.l3harris.com.