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SmarTrend Watching for Potential Rebound in Shares of United Tech Corp After 1.90% Loss

By Nick Russo

United Tech Corp (NYSE:UTX) traded in a range yesterday that spanned from a low of $118.46 to a high of $119.59. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $119.30 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

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 5% above that low price at $120.87 per share. The 200-day and 50-day moving averages have moved 0.08% lower and 0.89% lower over the past week, respectively.

Keywords: rebounders united tech corp

Ticker(s): UTX