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United Tech Corp Rises 1.71% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

United Tech Corp (NYSE:UTX) traded in a range yesterday that spanned from a low of $127.30 to a high of $129.84. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $128.17 on volume of 2.5 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 $109.10 and a high of $139.24 and are now at $129.38, which is 19% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

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