Textron (NYSE:TXT) downgraded to Neutral, $22 target, at JP Morgan. The stock closed yesterday at $21.81 on volume of 4,574,015 shares, below average daily volume of 4,726,602.
Textron is currently above its 50-day moving average of $20.04 and above its 200-day moving average of $16.78.
SmarTrend is bullish on shares of TXT and our subscribers received an Uptrend alert on March 03, 2010 at $21.11, which has returned 3.3% to date.
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Ticker(s): TXT