United Tech (UTX) Offering Possible 9.29% Return Over the Next 36 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 9.29% return on risk over the next 36 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 $0.85 would be kept by the premium seller. The risk of $9.15 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 67.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for United Tech

How a New Look House Could Affect Defense ETFs
Tue, 13 Nov 2018 15:52:12 +0000
Democrats gained control of the House of Representatives in the recent midterm elections, but aerospace and defense stocks and exchange traded funds did not seem to mind. The iShares U.S. Aerospace & Defense ETF (ITA), PowerShares Aerospace & Defense Portfolio (PPA) and the SPDR S&P Aerospace & Defense ETF (XAR) have been one of the steadiest “Trump trades,” but those funds also posted solid gains following the midterm election results. “Our bull case envisions bipartisanship and an avoidance of gridlock, which creates funding certainty for defense names, but our bear case anticipates budget chaos and sequestration for fiscal 2020,” said Morningstar in a recent note.

Why GE Opted to Merge Its Transportation Segment with Wabtec
Tue, 13 Nov 2018 14:00:35 +0000
General Electric’s (GE) Transportation segment is its second-smallest unit by sales. The segment manufactures trains, mining equipment, and marine diesel engines. However, for the past few years, the segment has been witnessing falling revenues and margins due to intense competition from local and regional players along with train budgetary cuts in several global economies.

Pratt & Whitney Canada Delivers First PW127G Engines Destined for Canadian Fixed-Wing Search & Rescue Operations
Tue, 13 Nov 2018 13:30:00 +0000
MONTREAL , Nov. 13, 2018 /PRNewswire/ — Pratt & Whitney Canada , a subsidiary of United Technologies Corp. (NYSE: UTX), today announced that it recently started delivering PW127G engines to Airbus Defence …

Aviation Segment to Fuel GE’s Growth in the Quarters Ahead
Tue, 13 Nov 2018 12:31:15 +0000
The Aviation segment has been one of General Electric’s (GE) best-performing units in recent quarters. In the third quarter, the vertical’s revenue jumped 12% to $7.5 billion from $6.7 billion in the previous year’s quarter. However, the segment’s revenue fell slightly short of analysts’ estimate of $7.6 billion.

GE Is Restructuring Itself to Focus on Growing Businesses
Mon, 12 Nov 2018 19:40:02 +0000
General Electric’s (GE) problems aren’t limited to the power business. The company’s Transportation and Legacy segment’s lighting division has also been in troubled waters for years. Intense competition and train budgetary cuts in several global economies are hurting transportation businesses’ revenues and margins.

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