L3Harris Technologies (NASDAQ: LHX) – Defense & Aerospace Name Climbing RS
Why Watch It
- L3Harris just posted an RS Rating of 82, up from ~79, crossing into higher-performance territory. Stocks that move past ~80 RS often begin attracting stronger momentum interest from institutional and swing traders.
- The stock recently cleared a flat base buy point around $280.52, putting it within the 5% buy‑zone above that level. That creates a potential trigger point for breakout traders.
- Functionally, LHX has shown improving earnings growth (EPS up from ~7% to ~16%) and a return to modest revenue growth (from negative to slightly positive), signaling fundamental stabilization.
Key Drivers Table
| Catalyst | Insight |
|---|---|
| RS Rating Jump to ~82 | Signals improving price performance vs the market—above many peers. |
| Base Clearance / Buy Zone | Price beyond ~$280.52 base gives a clear zone for potential entries. |
| Fundamental Turnaround | Stronger EPS growth and recovery in revenue are easing investor concerns. |
| Sector Tailwinds | Aerospace & defense is benefiting from increased spending and contract flows. |
Final Take
L3Harris is looking like a strong candidate for a breakout: its RS rating has improved, it’s cleared a base, and fundamentals are improving. If volume picks up and price holds above its buy‑zone (~$280.52), this could be one of the cleaner plays in the defense sector for tomorrow.