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Stock Investors Bid Up Shares of United Technologies, Up 1.7%

Published on Thu, 02/28/2013 - 11:29
By Mallory Stone

United Technologies (NYSE:UTX) is a company whose shares are active, trading 1.7% higher to $90.71. The S&P is currently trading fractionally lower to 1,515 and the Dow Jones Industrial Average is trading fractionally lower to 14,055.

United Technologies Corporation provides technology products and support services to customers in the aerospace and building industries worldwide. The Company's products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire and safety equipment.

In the past 52 weeks, United Technologies share prices have been bracketed by a low of $70.71 and a high of $91.51 and are now at $90.71, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

There is potential upside of 7.3% for shares of United Technologies based on a current price of $90.71 and an average consensus analyst price target of $97.32. United Technologies shares have support at the 50-day moving average (MA) of $86.69 and additional support at the 200-day MA of $79.35.

By Mallory Stone
mstone@fnno.com