A Show of Strength From Harris

Harris Corp. (HRS) has been in a strong uptrend since early 2016. The company has been making new highs this month, ignoring the weakness in the major averages. What's ahead for HRS? Let's look at the charts and indicators for some guidance.

In this daily bar chart of HRS, below, we can see prices are above the rising 50-day moving average line as well as the rising 200-day average. The On-Balance-Volume (OBV) line has moved higher the past 12 months, including a new advance starting in May that has made a new high to match and confirm the new price highs. In the lower panel is the 12-day momentum study, which is not showing any significant bearish divergences. Onward and upward!...129 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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