United Tech (UTX) Offering Possible 25.94% Return Over the Next 15 Calendar Days

United Tech's most recent trend suggests a bullish bias. One trading opportunity on United Tech is a Bull Put Spread using a strike $140.00 short put and a strike $135.00 long put offers a potential 25.94% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock dropped below the $135.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for United Tech is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for United Tech is bullish.

The RSI indicator is at 79.81 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for United Tech

United Technologies Third Quarter Earnings Advisory
Tue, 02 Oct 2018 21:00:00 +0000
FARMINGTON, Conn. , Oct. 2, 2018 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) will issue its third quarter 2018 earnings press release on Tuesday, October 23 , prior to the stock market opening. …

Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off
Tue, 02 Oct 2018 18:45:08 +0000
On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm. For this acquisition, HON will pay 425 million euros to IK Investment Partners. Transnorm has a significant presence in Europe.

Feds approves sale of Rockwell Collins to United Technologies
Tue, 02 Oct 2018 17:56:17 +0000
The U.S. Department of Justice approved the sale of Rockwell Collins (NYSE:COL) to United Technologies Corp. (NYSE:UTX) today on the condition that Rockwell divests of two business segments. The deal was approved by the EU Commission in May. United Technologies must divest of Rockwell's pneumatic ice protection systems business and its trimmable horizontal stabilizer actuator business. Rockwell has already signed an agreement to sell its actuator business to French aerospace company Safran.

US Department of Justice Greenlights United Technologies – Rockwell Collins Merger
Tue, 02 Oct 2018 16:24:23 +0000
Merger requires two business divestments yet is still subject to approval from China

UTC Climate, Controls & Security Completes Acquisition of S2 Security and Launches LenelS2, a Leader in Access Control Systems
Tue, 02 Oct 2018 16:00:00 +0000
PALM BEACH GARDENS, Fla. , Oct. 2, 2018 /PRNewswire/ — UTC Climate, Controls & Security has completed its acquisition of S2 Security, which will be combined with Lenel, to create LenelS2, a global leader …

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