Textron's most recent trend suggests a bullish bias. One trading opportunity on Textron is a Bull Put Spread using a strike $32.00 short put and a strike $27.00 long put offers a potential 6.16% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $27.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Textron 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 Textron is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Textron
Textron’s Donnelly Building `Less Expensive’ Scorpion (Audio)
Mon, 02 Dec 2013 14:15:19 GMT
Textron Focused on `Broad' Fighter-Jet Market: CEO
Mon, 02 Dec 2013 13:10:20 GMT
Investors rock and roll in Textron
Fri, 29 Nov 2013 09:14:38 GMT
The Zacks Analyst Blog Highlights: Textron, Boeing, Lockheed Martin, Raytheon and United Continental Holdings
Tue, 26 Nov 2013 11:57:47 GMT
Zacks – The Zacks Analyst Blog Highlights: Textron, Boeing, Lockheed Martin, Raytheon and United Continental Holdings
TXT to Buy Flight Simulator Companies
Mon, 25 Nov 2013 22:20:04 GMT
Zacks – Textron Inc. has agreed to take over two flight simulation and aircraft training product companies — Mechtronix Inc. and OPINICUS Corporation.
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