Posted Sep 6th 2009 9:00AM by Sam Collins
Filed under: Technical Analysis, United Technologies (UTX), Stocks to Buy
United Technologies Corp. (NYSE: UTX) provides technology products and services to the building systems and aerospace industries.
Its stock has built a strong base that began in October 2008. In early July, UTX flashed a bullish gold cross. Then, in mid-August, it broke out from a quadruple-top.
This is all very bullish technical stuff that should result in much higher prices for UTX with a minimum target of $70 to $75.
Next: Technical Trade #5
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