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 10.13% return on risk over the next 37 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 $0.46 would be kept by the premium seller. The risk of $4.54 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 51 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
Textron AirLand Scorpion Participates in USNORTHCOM’s VIGILANT GUARD Exercise
Thu, 14 Aug 2014 23:41:00 GMT
Business Wire – Textron AirLand, LLC, a joint venture between Textron Inc. and AirLand Enterprises, LLC, today announced that its Scorpion aircraft has completed operations in support of VIGILANT GUARD 2014, a Northern Command and Kansas National Guard training exercise demonstrating the capabilities of emergency response agencies at all levels of government, both military and civil.
Greenlee® Supports NJATC Training Programs
Wed, 13 Aug 2014 17:43:39 GMT
noodls – Rockford, IL. Greenlee is proud to announce that electrical training centers nationwide have begun receiving new program materials and equipment, as part of its partnership with the National Joint Apprenticeship …
Cessna Citation Sovereign+ on track for first Brazilian deliveries in September
Tue, 12 Aug 2014 19:32:10 GMT
noodls – SÃO PAULO, Brazil, Aug. 12, 2014 – Cessna Aircraft Company, a subsidiary of Textron Aviation, a Textron Inc. (NYSE:TXT) company, said today at the annual Latin American Business Aviation Conference & Exhibition …
Jacobsen® Launches New TurfCat® Out-Front Rotary Mower
Tue, 12 Aug 2014 19:32:09 GMT
noodls – Completely refreshed mower provides lowest cost of ownership in its class Charlotte, N.C. (August 11, 2014) – Today, Jacobsen, a Textron (NYSE: TXT) Company, announced the launch of a completely refreshed …
Cessna Citation M2 receives certifications in Brazil and Argentina, makes LABACE debut
Tue, 12 Aug 2014 19:32:08 GMT
noodls – SÃO PAULO, Brazil, Aug. 12, 2014- Cessna Aircraft Company, a subsidiary of Textron Aviation, a Textron Inc. (NYSE: TXT) company, announced today at the Latin American Business Aviation Conference & Exhibition …
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