• Return to Headlines

United Tech Corp Set to Possibly Pullback After Yesterday's Rally of 1.25%

By David Diaz

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.

United Tech Corp share prices have moved between a 52-week high of $139.24 and a 52-week low of $96.89 and are now trading 30% above that low price at $125.70 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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