Today, shares of United Technologies (NYSE:UTX) have crossed bearishly below their 10-day moving average of $67.95 on volume of 1 million shares.

This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.

SmarTrend issued a Downtrend Alert for United Technologies on January 22, 2010 at $69.64. In approximately 2 weeks, United Technologies has returned 3.7% as of today's recent price of $67.03.

We will continue to monitor UTX's share price relative to this moving average.

Contact Chip Brian

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