After Plunging -9.1% in 4 Weeks, Here's Why the Trend Might Reverse for L3Harris (LHX)
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L3Harris (LHX) has experienced a significant decline of 9.1% over the past four weeks, placing it in oversold territory. This, combined with Wall Street analysts' consensus on raising earnings estimates, suggests a potential trend reversal for the stock.
December 17, 2024 | 3:45 pm
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L3Harris (LHX) has seen a 9.1% decline in its stock price over the past four weeks, indicating it is in oversold territory. Analysts are raising earnings estimates, which could lead to a trend reversal.
The stock's significant decline suggests it is oversold, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates is a positive indicator for future performance, likely leading to a short-term price increase.
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