Textron's most recent trend suggests a bullish bias. One trading opportunity on Textron is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 10.86% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.00 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $37.00 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.
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 INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Thu, 06 Nov 2014 17:16:05 GMT
Textron Aviation teams with Guardian Jet to market Citation X Elite
Wed, 05 Nov 2014 14:22:10 GMT
noodls – WICHITA, Kan., Nov. 5, 2014 – Cessna Aircraft Company, a subsidiary of Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, today announced plans to enter into an exclusive agreement with Connecticut-based …
Navy-Marine Corps Team Closes Ranks Behind Future Amphibious Warship
Mon, 03 Nov 2014 17:35:00 GMT
Wanted – 500,000 pilots for China aviation gold rush
Sun, 02 Nov 2014 21:15:44 GMT
Wanted: 500,000 pilots for China aviation gold rush
Sun, 02 Nov 2014 21:00:00 GMT
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