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 5.71% return on risk over the next 22 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 $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $27.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Textron 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 Textron is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Textron
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.
U.S. Air Force pencils in Sikorsky for helicopter buy
Fri, 22 Nov 2013 22:46:37 GMT
Reuters – Sikorsky Aircraft Co, a unit of United Technologies Corp, will be awarded a contract to supply the U.S. Air Force's combat rescue helicopter (CRH) program, but only if funding survives the military budget axe. “The award is contingent on the outcome of the president's budget review process, where CRH would need to be funded across the future year's defense program,” Air Force spokeswoman Erika Yepsen said in a statement. The combat search and rescue helicopter contract could be valued at up to $6.8 billion. The Air Force has been trying to replace its aging fleet of Sikorsky HH-60 Pave Hawk helicopters for many years.
Textron Buying 2 Flight Simulator Companies
Fri, 22 Nov 2013 19:14:00 GMT
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