Textron's most recent trend suggests a bullish bias. One trading opportunity on Textron is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 6.16% 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 $35.00 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 $30.00 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 at 71.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Textron
Textron Is Acquiring Beechcraft: Here's What Investors Need to Know
Sat, 28 Dec 2013 19:03:20 GMT
Textron – Excellent Acquisition Of Beech Holdings
Sat, 28 Dec 2013 07:59:09 GMT
Cessna and Beechcraft Get Together at Last
Sat, 28 Dec 2013 02:02:05 GMT
Motley Fool – Is this good news or bad news for Textron shareholders?
Textron: Too soon to say if Beechcraft faces cuts
Fri, 27 Dec 2013 23:04:04 GMT
Textron: Too soon to say if Beechcraft faces cuts
Fri, 27 Dec 2013 23:04:04 GMT
AP – Textron Inc.'s CEO said Friday that his aviation company's $1.4 billion purchase of Beechcraft Corp. will require “restructuring and optimization of costs.” But whether that includes job cuts …
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