UTX shares to break above the upper channel of the bullish flag. Bullish down to $115. UTX – 8 months Chart courtesy of http://stockcharts.com Please read the Disclaimer!
New article on INVESTING.com: Content from http://www.INVESTING.com Please read the Disclaimer!
The technical picture for UTX shares has deteriorated a lot recently. Firstly, price broke the uptrend line in March. Secondly, price fell below the 2014 high, which functioned as support till then. Bearish as long as price is lower than $117.50. UTX stock price (1.5 years) Chart courtesy of StockCharts.com. http://stockcharts.com Please read the Disclaimer!