United Tech (UTX) Offering Possible 22.55% Return Over the Next 16 Calendar Days

United Tech's most recent trend suggests a bearish bias. One trading opportunity on United Tech is a Bear Call Spread using a strike $125.00 short call and a strike $130.00 long call offers a potential 22.55% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $130.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for United Tech is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for United Tech is bearish.

The RSI indicator is at 38.47 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

What the Trump/Xi Deal Means for the FANGs, the Cloud Kings and More: Jim Cramer
Tue, 04 Dec 2018 00:01:00 +0000
China's decision to buy more American goods is the usual sop to U.S. farmers. There really isn't enough natural gas (or oil, for that matter) to go to China from the United States, so it's all about American soybeans. Give me a break! Qualcomm already paid $2 billion to NXP in break-up fees.

Pratt & Whitney Canada Receives Transport Canada Approval for Significant Cycle Limit Increases on PT6A-140 Engines with Direct Benefits for Broad Base of Operators
Mon, 03 Dec 2018 20:51:00 +0000
RENO, Nev., Dec. 3, 2018 /PRNewswire/ — Pratt & Whitney Canada, a subsidiary of United Technologies Corp. (UTX), today announced it has received approval from Transport Canada to increase cycle limits on its PT6A-140, -140A and -140AG engines.  These increases – made possible through comprehensive parts testing and model analyses – will extend the life of Low Cycle Fatigue (LCF) parts such as the power and compressor turbine disks and the impeller. “We are committed to exploring and developing innovative solutions that keep our customers flying longer and at reduced operating and maintenance costs,” said Nicholas Kanellias, Vice President, General Aviation at Pratt & Whitney Canada. An engine cycle is counted every time an engine is started, flown and then shutdown.

Ameren successfully completes industry-leading 60-mile drone flight over transmission lines, paving the way for safe, efficient aerial infrastructure inspections
Mon, 03 Dec 2018 15:03:21 +0000
NEWTON, Ill., Dec. 03, 2018 — With thousands of miles of high-voltage lines, Ameren Corp. wanted a better and safer way to monitor its assets spread over rural territories.

Honeywell to Shift Its Headquarters to Charlotte
Mon, 03 Dec 2018 14:30:59 +0000
On November 30, Honeywell (HON) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina. It also announced that its Safety and Productivity Solutions business segment’s headquarters will also be moved from Fortmill in South Carolina to Charlotte as well. Darius Adamczyk, chair and CEO, said, “Today’s announcement reflects our commitment to locate our corporate headquarters close to our large centers in Charlotte alongside Safety and Productivity Solutions, and Atlanta, where our Honeywell Building Technologies and Honeywell Connected Enterprise businesses are located.

[$$] Nestlé defends governance amid pressure from activist investor
Mon, 03 Dec 2018 05:00:25 +0000
Nestlé’s leadership has defended its governance arrangements against criticism from an influential activist investor, insisting that the collaborative relationship between the chief executive and chairman was not hindering the Swiss food company’s growth plans. Corporate governance practice in the UK and the US typically frowns upon chief executives becoming board chairman and overseeing their successors. Nestlé has had such an arrangement — which is more common in European countries — for decades.

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