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Bearish Moving Average Cross by United Tech Corp (UTX)

By Nick Russo

Today, shares of United Tech Corp (NYSE:UTX) have crossed bearishly below their 10-day moving average of $134.18 on a volume of 941K 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.

United Tech Corp share prices have moved between a 52-week high of $144.40 and a 52-week low of $100.48 and are now trading 30% above that low price at $130.64 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in United Tech Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Tech Corp in search of a potential trend change.

Keywords: moving crosses united tech corp

Ticker(s): UTX