Trade of the Day: Investors Taking a Shine to UTX

   

United Technologies Corp. (UTX) — This worldwide provider of technology products and services to the building systems and aerospace industries has built a strong base that began in October 2008.


Recently, there has been a dramatic buildup of high-volume buying. Just before that, the stock flashed a double Collins-Bollinger Reversal (CBR) buy from our internal indicator and a gold cross.

A breakout from $57 should result in a trading target of $65 to $68.


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Article printed from InvestorPlace Media, http://www.investorplace.com/2009/08/8-11-09-utx/.

©2012 InvestorPlace Media, LLC

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