United Tech (UTX) Offering Possible 6.72% Return Over the Next 24 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 $120.00 short put and a strike $110.00 long put offers a potential 6.72% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $9.37 would be incurred if the stock dropped below the $110.00 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 72.62 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for United Tech

[$$] United Technologies to Sell Ice Cream-Machine Manufacturer for $1 Billion
Sat, 19 May 2018 03:15:29 +0000
United Technologies is selling the Taylor Co., which produces ice-cream and frozen-drink machines, to Middleby Corp. for $1 billion in cash, as the industrial conglomerate works to sharpen its focus on its core businesses. United Technologies—which owns jet-engine maker Pratt & Whitney, Otis elevators and Carrier air conditioners—said Taylor had been part of its climate, controls and security unit. In 2017, Taylor generated about $315 million of revenue and $65 million of adjusted earnings before interest, taxes and depreciation, according to Middleby.

United Technologies Sells Ice-Cream Machine Unit for $1 Billion
Fri, 18 May 2018 21:54:42 +0000
United Technologies Corp. agreed to sell Taylor Co., a business that specializes in ice-cream dispensing equipment and frozen-drink machines, to Middleby Corp. for $1 billion. The deal enables United Technologies to sharpen the focus in its Carrier Transicold business around transport and commercial refrigeration, according to a statement Friday by the industrial manufacturer. Middleby was drawn by Taylor’s complementary product offerings and heavy presence in top restaurant chains, it said in a separate statement.

UTC Climate, Controls & Security Signs Definitive Agreement to Sell Taylor Company
Fri, 18 May 2018 20:54:00 +0000
PALM BEACH GARDENS, Fla., May 18, 2018 /PRNewswire/ — UTC Climate, Controls & Security, a unit of United Technologies Corp. (UTX), has signed a definitive agreement to sell Taylor Company to The Middleby Corporation (MIDD), a publicly traded company in the foodservice industry. The sale is expected to close early in the third quarter, subject to customary closing conditions, including regulatory approvals. UTC Climate, Controls & Security is a leading provider of integrated building solutions, including heating, air conditioning and refrigeration systems, building controls and automation, and fire and security systems.

Bill Ackman calls for a breakup of United Technologies
Fri, 18 May 2018 12:44:08 +0000
Billionaire hedge-fund manager Bill Ackman on Thursday called for a breakup of United Technologies Corp. saying the individual businesses are more likely to trade at fair value as independent companies. Earlier this week, Pershing disclosed in a regulatory filing that it had acquired 1.94 million United Tech shares in the first quarter, along with an investment in an as-yet unnamed company.

Ackman Has a Point About United Technologies Corporation Stock
Fri, 18 May 2018 04:35:47 +0000
Activist investor Bill Ackman is calling for another company breakup as a means of “unlocking value.” The target this time? Owners of UTX stock have a right to be worried, not so much because Ackman is wrong (he may well be right), but because the activist investor and hedge fund manager can cause more than a little chaos when he gets involved. The 2010 split-up of Fortune Brands is one example.

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