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United Tech Corp Bullish Moving Average Crossover Alert (UTX)

By James Quinn

Today, shares of United Tech Corp (NYSE:UTX) have crossed bullishly above their 10-day moving average of $124.88 on a volume of 1.2 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

United Tech Corp share prices have moved between a 52-week high of $144.15 and a 52-week low of $115.40 and are now trading 9% above that low price at $126.08 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Tech Corp on October 10th, 2018 by issuing a Downtrend alert when the shares were trading at $133.19. Since that call, shares of United Tech Corp have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united tech corp

Ticker(s): UTX