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United Tech Corp Bearish Moving Average Crossover Alert (UTX)

By James Quinn

Today, shares of United Tech Corp (NYSE:UTX) have crossed bearishly below their 10-day moving average of $116.80 on a volume of 3.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of United Tech Corp have traded between a low of $96.89 and a high of $124.79 and are now at $113.66, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

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