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Watch for Continued Gains in Shares of United Tech Corp (UTX)

By Shiri Gupta

Shares of United Tech Corp (NYSE:UTX) traded today at $144.81, breaking its 52-week high. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

In the past 52 weeks, United Tech Corp share prices have been bracketed by a low of $100.48 and a high of $144.81 and are now at $144.52, 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.0%.

Potential upside of 0.6% exists for United Tech Corp, based on a current level of $144.52 and analysts' average consensus price target of $145.44. United Tech Corp shares have support at the 50-day moving average (MA) of $135.07 and additional support at the 200-day MA of $130.69.

United Technologies Corporation provides technology products and support services. The Company products include aircraft engines, elevators and escalators, heating and air conditioning equipment, helicopters, aerospace systems, fuel cell systems, and fire safety equipment.

SmarTrend is tracking the current trend status for United Tech Corp and will alert subscribers who have UTX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows united tech corp

Ticker(s): UTX