Textron's most recent trend suggests a bearish bias. One trading opportunity on Textron is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 8.46% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $41.00 long call 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.
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
Pentagon Awards $100 Million in V-22 Osprey Defense Contracts
Fri, 31 Jan 2014 02:28:08 GMT
TEXTRON INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
Thu, 30 Jan 2014 20:46:48 GMT
Rumors Of Sikorsky Divestiture Exaggerated — For Now
Tue, 28 Jan 2014 16:04:00 GMT
Forbes – The aerospace sector has been awash in rumors over the last week that United Technologies would sell or spin off its Sikorsky helicopter unit. Near as I can tell, the rumors aren't true. They may have been spread by deal-makers trying to jump start defense-sector consolidation. But the fact such rumors keep coming up year after year […]
Brilliant Beechcraft Buy Immediately Pays Off for Textron, Inc.
Tue, 28 Jan 2014 08:03:23 GMT
Textron: Crawling From The Pit Or Falling Back?
Tue, 28 Jan 2014 07:56:28 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook