United Tech's most recent trend suggests a bearish bias. One trading opportunity on United Tech is a Bear Call Spread using a strike $105.00 short call and a strike $110.00 long call offers a potential 13.64% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $110.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for United Tech is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for United Tech is bearish.
The RSI indicator is at 25.36 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for United Tech
PRESS DIGEST – Wall Street Journal – Oct 3
Fri, 03 Oct 2014 06:08:08 GMT
Reuters – The following are the top stories in the Wall Street Journal. * Student protesters in Hong Kong agreed to hold talks with the city's No. 2 government official, averting a potentially violent confrontation overnight as demonstrators surrounded the office of Hong Kong's embattled chief executive. * President Barack Obama on Thursday told Hispanic lawmakers and community leaders he shares their frustration on stalled plans to reform the U.S. * Federal Reserve Bank of New York President William Dudley pushed back Thursday against allegations his institution has been a weak and deferential regulator of big financial firms.
Pratt & Whitney names new commercial exec amid launch of jet engine
Thu, 02 Oct 2014 19:14:38 GMT
Pratt & Whitney Increases Capacity by Signing $16 Billion in Supplier Long-term Agreements
Thu, 02 Oct 2014 19:00:00 GMT
PR Newswire – HARTFORD, Conn., Oct. 2, 2014 /PRNewswire/ — At its semi-annual Partner and Supplier Forum, Pratt & Whitney, a United Technologies Corp. company (UTX), announced it has signed an additional $6 billion in long-term agreements since May. In total, Pratt & Whitney has signed more than 135 agreements with a projected spend of $16 billion to support the company's expected production increase. The agreements, which are with key product suppliers from around the world, will help the company increase capacity as it prepares to more than double engine production over the next decade. “Our suppliers make up a critical part of our future production capacity and by signing long-term agreements we are enabling them to invest in equipment, people and training in order to produce and deliver perfect-quality components,” said Danny Di Perna, senior vice president, Engineering and Operations. The agreements are with high-performing suppliers who will supply key parts and components for all Pratt & Whitney products from the PurePower engine family to the F135 military engine to auxiliary power units.
3:00 pm United Tech: Pratt & Whitney increases capacity by signing $16 billion in supplier long-term agreements
Thu, 02 Oct 2014 19:00:00 GMT
Gregory H. Gernhardt Named President, Pratt & Whitney Commercial Engines
Thu, 02 Oct 2014 18:30:00 GMT
PR Newswire – EAST HARTFORD, Conn., Oct. 2, 2014 /PRNewswire/ — Pratt & Whitney today appointed Gregory H. Gernhardt, 49, president, Pratt & Whitney Commercial Engines, effective immediately. Gernhardt will report to Pratt & Whitney President Paul Adams and succeeds David M. Brantner, who has decided to depart the company. Pratt & Whitney is a division of United Technologies Corp. (UTX). “We have achieved great success in recent years in our commercial engine segment, winning five new platforms and multiple sales campaigns,” said Adams.
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