United Technologies (NYSE:UTX) shares have crossed bearishly below their 10-day moving average of $77.30 on a volume of 1.9 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
United Technologies (NYSE:UTX) has potential upside of 18.0% based on a current price of $76.60 and analysts' consensus price target of $90.40. The stock should find resistance at its 200-day moving average (MA) of $78.89, as well as support at its 50-day MA of $75.15.
Over the past year, United Technologies has traded in a range of $66.87 to $91.83 and is now at $76.60, 15% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.
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.
