Notable Price Action: What’s Propelling Elbit Systems Ltd to Reach All Time High?

Notable Price Action: What's Propelling Elbit Systems Ltd to Reach All Time High?

The stock of Elbit Systems Ltd (NASDAQ:ESLT) reached all time high today, Nov, 24 and still has $110.11 target or 6.00% above today’s $103.88 share price. This indicates more upside for the $4.44 billion company. This technical setup was reported by Barchart.com. If the $110.11 PT is reached, the company will be worth $266.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.70% or $0.73 on November 23, hitting $103.88. About 35,073 shares traded hands or 9.04% up from the average. Elbit Systems Ltd (NASDAQ:ESLT) has risen 5.33% since April 22, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.

Analysts await Elbit Systems Ltd (NASDAQ:ESLT) to report earnings on March, 28.

According to Zacks Investment Research, “Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays (“NVG-HUD”). They are a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters. Elbit Systems Ltd. is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. Their focus is on the upgrading of existing military platforms and developing new technologies for defense applications.”

More notable recent Elbit Systems Ltd (NASDAQ:ESLT) news were published by: Nasdaq.com which released: “Elbit Systems Ltd. (ESLT) Ex-Dividend Date Scheduled for November 22, 2016” on November 21, 2016, also Prnewswire.com with their article: “Elbit Systems’ U.S. Subsidiary Receives U.S. Army ID/IQ Mortar Weapon Systems …” published on November 23, 2016, Prnewswire.com published: “Elbit Systems’ US Subsidiary Receives US Army ID/IQ Mortar Weapon Systems …” on November 23, 2016. More interesting news about Elbit Systems Ltd (NASDAQ:ESLT) were released by: Ft.com and their article: “Elbit Systems on hunt for acquisitions” published on July 11, 2016 as well as Prnewswire.com‘s news article titled: “Elbit Systems Reports Third Quarter of 2016 Results” with publication date: November 17, 2016.

ESLT Company Profile

Elbit Systems Ltd., incorporated on August 20, 1966, is an international technology firm engaged in a range of programs across the world. The Firm develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. The Company’s systems and products are installed on new platforms, and it also performs platform modernization programs. In addition, it provides a range of support services. The Company’s activities include military aircraft and helicopter systems; helmet mounted systems; commercial aviation systems and aerostructures; unmanned aircraft and unmanned surface vessels; land vehicle systems; command, control, communications, computer and intelligence (C4I) systems; intelligence and cyber systems; electro-optic and countermeasures systems; electronic warfare and signal intelligence systems, and various commercial activities. It operates primarily in the defense and homeland security arenas.

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