United Tech (UTX) Offering Possible 30.21% Return Over the Next 16 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 $142.00 short put and a strike $137.00 long put offers a potential 30.21% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock dropped below the $137.00 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 above 80 which suggests that the stock is in overbought territory.

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

Otis CEO Judy Marks and Carrier CEO David Gitlin to present at Baird's Global Industrial Conference
Mon, 28 Oct 2019 21:00:00 +0000
FARMINGTON, Conn. , Oct. 28, 2019 /PRNewswire/ — A webcast of Otis CEO Judy Marks and Carrier CEO David Gitlin speaking at Baird's Global Industrial Conference is scheduled for 9:30 a.m. ET ( 8:30 a.m. …

Jim Cramer Bullish on Honeywell, Weighs In on Spin-Offs
Mon, 28 Oct 2019 17:42:24 +0000
On Friday, Jim Cramer said Honeywell was “a very smart company” for spinning off Garrett Motion (GTX) and Resideo Technology (REZI).

The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon
Mon, 28 Oct 2019 14:53:02 +0000
The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon

Collins Aerospace kicks off Redefining Futures Corporate Social Responsibility program with $3.6 million commitment to FIRST
Mon, 28 Oct 2019 13:00:00 +0000
WEST PALM BEACH, Fla., Oct. 28, 2019 /PRNewswire/ — As part of its new “Redefining Futures” Corporate Social Responsibility program, Collins Aerospace Systems, a unit of United Technologies Corp. (UTX), has committed $3.6 million over three years to FIRST, a global youth-serving nonprofit advancing Science, Technology, Engineering and Mathematics (STEM) education. A 20-percent increase in Collins Aerospace's investment in the FIRST program from previous years, the additional funding will help introduce even more kids around the world to the opportunities available through FIRST. “As the Co-Chairman of the FIRST board of directors, I've witnessed how showing kids the fun side of engineering and technology can change their lives and give them a new way of thinking about their future,” said Collins Aerospace CEO Kelly Ortberg.

Defense Stock Roundup: TXT, LMT, UTX Post Impressive Q3 Earnings
Fri, 25 Oct 2019 14:45:02 +0000
Aerospace-Defense market indices reflect strong growth, buoyed by strong quarterly figures reported by majority of the defense players.

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