Textron Offering Possible 6.84% Return Over the Next 29 Calendar Days

Textron's most recent trend suggests a bullish bias. One trading opportunity on Textron is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 6.84% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $32.00 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 66.43 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 Textron

Russia's $9 Billion Drone Program Looks Like a Bluff, but Should You Laugh It Off?
Sun, 23 Feb 2014 15:02:00 GMT

Aviation, fitness sales drive Garmin profit; shares jump
Wed, 19 Feb 2014 19:32:47 GMT
Reuters – (Reuters) – Garmin Ltd handily beat quarterly profit estimates and forecast a strong 2014 as sales of GPS-based fitness, aviation and outdoor products more than made up for shrinking sales of personal navigation devices, a market it once dominated. Garmin shares jumped as much as 12 percent to $52.72 – their highest in six years. The stock, however, is still a far cry from the high of $124 it hit in 2007, when personal navigation devices were high in demand and featured on most year-end gifting lists. Garmin said on Wednesday it expects revenue to grow 10-15 percent from businesses other than its personal navigation device unit, where revenue is expected to fall 10-15 percent.

TEXTRON INC Financials
Wed, 19 Feb 2014 18:04:14 GMT

Cessna Citation Latitude Prototype Makes Successful First Flight
Tue, 18 Feb 2014 22:11:00 GMT
Business Wire – Cessna Aircraft Company, a Textron Inc. company, is celebrating the successful first prototype flight of its highly-anticipated Citation Latitude midsize business jet.

Textron AirLand’s Scorpion Completes Additional Test Flights and Participates in Industry Conferences
Fri, 14 Feb 2014 21:44:00 GMT
Business Wire – Textron AirLand, LLC, a joint venture between Textron Inc. and AirLand Enterprises, LLC, today announced that the Scorpion Intelligence, Surveillance and Reconnaissance /Strike aircraft completed additional test flights in January and February.

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