United Tech (UTX) Offering Possible 16.55% Return Over the Next 21 Calendar Days

United Tech's most recent trend suggests a bullish bias. One trading opportunity on United Tech is a Bull Put Spread using a strike $138.00 short put and a strike $133.00 long put offers a potential 16.55% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $138.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $133.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for United Tech 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 United Tech is bullish.

The RSI indicator is at 72.04 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for United Tech

Edited Transcript of UTX earnings conference call or presentation 22-Oct-19 12:30pm GMT
Wed, 23 Oct 2019 21:16:27 +0000
Q3 2019 United Technologies Corp Earnings Call

Dow flat despite losses for Nike, American Express stocks
Wed, 23 Oct 2019 17:15:00 +0000
DOW UPDATE Shares of Nike and American Express are retreating Wednesday afternoon, though the Dow Jones Industrial Average remains relatively flat. Shares of Nike (NKE) and American Express (AXP) account for -14% of the blue-chip gauge's intraday losses, as the Dow (DJIA) was most recently trading 3 points, or 0.

Company News For Oct 23, 2019
Wed, 23 Oct 2019 13:30:01 +0000
Companies In The News Are: PG,UTX,NEE,CNC

United Technologies Posts Earnings Beat but No New High
Wed, 23 Oct 2019 13:11:51 +0000
The company is upbeat on its future as the merger with Raytheon has recently been approved by regulators.

GE Needs a New CFO. We Have the Perfect Candidate.
Wed, 23 Oct 2019 12:00:00 +0000
United Technologies CFO Akhil Johri is leaving the industrial conglomerate on November 1. But there is a notable CFO vacancy to fill in coming months, at GE.

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