United Tech (UTX) Offering Possible 19.62% Return Over the Next 9 Calendar Days

United Tech's most recent trend suggests a bearish bias. One trading opportunity on United Tech is a Bear Call Spread using a strike $121.00 short call and a strike $126.00 long call offers a potential 19.62% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $121.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $126.00 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 27.13 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

Pratt & Whitney Inaugurates New Aerospace Engineering Center in Puerto Rico
Mon, 10 Dec 2018 19:30:00 +0000
EAST HARTFORD, Conn., Dec. 10, 2018 /PRNewswire/ — Pratt & Whitney, a division of United Technologies Corp. (UTX), today announced its official inauguration of the Pratt & Whitney Puerto Rico Aguadilla Engineering Center in Aguadilla, Puerto Rico. The celebration also included a $500,000 donation by Pratt & Whitney to the University of Puerto Rico at Mayaguez. Puerto Rico Governor Ricardo Rosselló and representatives from the Puerto Rico Industrial Development Company (PRIDCO) attended the ceremony alongside several Pratt & Whitney and UTC executives.

General Electric Stock Traded near Its Ten-Year Low
Mon, 10 Dec 2018 17:21:36 +0000
Why Has General Electric Stock Struggled in 2018? On December 7, General Electric’s closing price was $7.01. Currently, the stock trades near its ten-year low of $6.66, which it touched on March 5, 2009.

United Technologies Breakup Plan Prolongs the Uncertainty
Sat, 08 Dec 2018 13:20:00 +0000
Here's what investors should do while the company navigates a three-way split.

United Technologies (UTX) Stock Moves -1.66%: What You Should Know
Fri, 07 Dec 2018 22:45:10 +0000
United Technologies (UTX) closed the most recent trading day at $119.44, moving -1.66% from the previous trading session.

Should You Buy Boeing Stock at Current Levels?
Fri, 07 Dec 2018 16:08:28 +0000
When it comes to Boeing (NYSE:BA) stock, there has definitely been quite a lot of, well, turbulence lately. On Monday, Boeing stock jumped 3%, adding fuel to a rally of the Dow Jones Industrial Average. Despite its struggles this week, Boeing stock has still had a fairly solid year.

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