United Tech (UTX) Offering Possible 59.57% Return Over the Next 10 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 $106.00 short put and a strike $100.00 long put offers a potential 59.57% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $2.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $100.00 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 32.05 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 United Tech

Benzinga's Bulls & Bears Of The Week: Amazon, CBS, Intel, Nike, Tesla And More
Sun, 06 Jan 2019 14:27:32 +0000
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included tech giants and a media leader. Bearish calls included a big EV maker and a struggling retailer. …

The Death of the Industrial Conglomerate
Sat, 05 Jan 2019 16:32:00 +0000
Why General Electric, Honeywell International, and United Technologies are breaking up — and why it's good news.

United Technologies Fourth Quarter Earnings Advisory
Fri, 04 Jan 2019 22:00:00 +0000
FARMINGTON, Conn. , Jan. 4, 2019 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) will issue its fourth quarter 2018 earnings press release on Wednesday, January 23 , prior to the stock market opening. …

RBC Upgrades Honeywell, Downgrades United Technologies
Fri, 04 Jan 2019 20:41:16 +0000
RBC Analyst Deane Dray upgraded Honeywell from Sector Perform to Outperform with a price target of $148. Honeywell spun off Resideo Technologies, Inc. (NYSE: REZI) and Garrett Motion, Inc. (NYSE: GTX) in the fall.

Honeywell Bags Contract to Modernize Kunsan Air Base
Fri, 04 Jan 2019 13:05:10 +0000
On January 3, Honeywell (HON) announced that it had bagged a project to modernize the Kunsan Air Base, a US Air Force base in South Korea. Honeywell expects the project to be completed in November 2020. Further, there will be lighting improvements and water conservation measures.

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