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Motorola Solutions acquired D-Fend Solutions, an industry leader in counter-drone technology, and announced a series of business milestones including a record $16.6 billion backlog and an expanded share buyback program. The stock is up 1% on the day at $496.24.
Motorola Solutions has acquired D-Fend Solutions, a company recognized for its counter-drone technology expertise. The company reported a record ending backlog of $16.6 billion, representing a 14 percent increase from a year earlier, supported by record third quarter orders. It also announced a $2 billion boost to its share repurchase authorization.
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Shares of Motorola Solutions are testing resistance at the weekly high of $497.86 without clearing it. The daily structure remains bullish as price holds above the MA-20, MA-50, and MA-200. With an RSI at 68.5 nearing overbought conditions, the recent sustained upward move could be starting to run into headwinds as the advance looks stretched.
Traders should watch whether price can close above $497.86 to gauge if buyers are willing to push through resistance. Currently, price is sitting just below this weekly high, showing that this area is being tested but not yet overcome. From here, the upside probability over the next five trading days is more than 80%, with downside probability less than 20%, and an expected trading range of $488.98 to $503.49. A close above $497.86 would confirm acceptance by buyers, while a drop below $481.64 would indicate the move is being faded. On the weekly chart the longer-term picture stays firmly constructive.
In a recent review, analysts highlighted Motorola Solutions' acquisition of DFend Solutions as a step to enhance its capabilities in airspace security and noted the potential for stabilization following a period of downside. The current article strengthens this outlook, as recent business milestones and technical momentum raise the focus to whether price can clear the $497.86 resistance, with an expected trading range of $488.98 to $503.49 in the near term.