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Technical trade #4: United Technologies (UTX)

Posted Sep 6th 2009 9:00AM by Sam CollinsSam Collins RSS Feed
Filed under: Technical Analysis, United Technologies (UTX), Stocks to Buy

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united technologies technical analysisUnited 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.

united technologies

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

Tags: sam collins, stocks to buy, technical analysis, technical trades, united technologies, UTX

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Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
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S&P 500-3.521,091.38

Last updated: November 22, 2009: 05:38 AM

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