United Tech (UTX) Offering Possible 58.23% 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 $128.00 short put and a strike $123.00 long put offers a potential 58.23% 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 $128.00 by expiration. The full premium credit of $1.84 would be kept by the premium seller. The risk of $3.16 would be incurred if the stock dropped below the $123.00 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 38.36 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for United Tech

United Tech to decide on breakup of businesses by end of 2018
Wed, 21 Feb 2018 23:38:48 +0000
Aero parts maker United Technologies Corp is exploring a breakup of its business portfolio, including jet engines, elevators and air conditioners, Chief Executive Greg Hayes said at the Barclays investor conference in Miami on Wednesday. Hayes said a decision on whether UTC, which makes Otis Elevators, Pratt & Whitney aircraft engines and Carrier air conditioners, would be a more “valuable property together” or “better off in three separate businesses” by the end of 2018. “The real question is do you get a significant multiple expansion by having separate companies versus the conglomerate or the four businesses of UTC?

United Technologies Investor and Analyst Meeting Advisory
Wed, 21 Feb 2018 22:30:00 +0000
FARMINGTON, Conn. , Feb. 21, 2018 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) will broadcast its investor and analyst meeting on Friday, March 16, 2018 . The meeting is scheduled for 8:00 a.m. …

United Technologies wins $2.5 bln U.S. defense contract -Pentagon
Wed, 21 Feb 2018 22:10:57 +0000
United Technologies Aerospace Systems, a subsidiary of United Technologies Corp, has been awarded a maximum $2.5 billion contract for aviation-related spare parts and related services, the Pentagon said …

United Technologies May Decide This Year On A Breakup As GE Mulls Split
Wed, 21 Feb 2018 21:25:14 +0000
United Tech CEO Greg Hayes signaled he's open to all possibilities for the conglomerate's disparate businesses as a result of a "great benefit" from the  recently enacted tax reform.

United Technologies Has Engine Fix For Grounded Airbus Jets
Wed, 21 Feb 2018 21:04:38 +0000
United Technologies' Pratt & Whitney unit has released a "revised configuration" to solve a problem with its geared turbofan engine that grounded some Airbus jets.

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