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Shares of Textron Inc Rise to a New 52-Week High

By Nick Russo

Shares of Textron Inc (NYSE:TXT) traded at a new 52-week high today of $67.43. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Textron Inc (NYSE:TXT) has potential upside of 3.9% based on a current price of $67.01 and analysts' consensus price target of $69.62. Textron Inc shares have support at the 50-day moving average (MA) of $61.27 and additional support at the 200-day MA of $56.28.

Textron Inc. is a global, multi-industry company with operations in aircraft, defense, industrial products, and finance. The Company's products include airplanes, helicopters, weapons, and automotive products. Textron's finance division offers asset based lending, aviation, distribution, golf, and resort finance, as well as structured capital.

In the past 52 weeks, shares of Textron Inc have traded between a low of $45.00 and a high of $67.43 and are now at $67.01, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.75% higher and 1.22% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Textron Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.38. Since that recommendation, shares of Textron Inc have risen 11.7%. We continue to monitor TXT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Textron Inc

Ticker(s): TXT