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After Yesterday's Rally of 1.25% Shares Could Potentially Pullback

By James Quinn

United Tech Corp (NYSE:UTX) traded in a range yesterday that spanned from a low of $124.15 to a high of $125.95. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $124.03 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of United Tech Corp have traded between a low of $96.89 and a high of $139.24 and are now at $125.70, which is 30% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.84% higher over the past week, respectively.

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: rebounders united tech corp

Ticker(s): UTX