Top 8 Stocks for January

Top Stock #8: Textron Inc. (TXT)

See Key

Textron Inc. (TXT), an aerospace manufacturer of Cessna business
jets, Bell helicopters, and industrial equipment and components, appears to be breaking from a trading rectangle.

Textron is in a powerful bull market with recent price action supported by both the 20- and 50-day moving averages, and a stochastic that recently
signaled a buy. All of this suggests that the resistance
line of the rectangle at $21 is about to be broken. If this was to occur, the target for the trade is $25.

S&P rates TXT a “four-star buy” and also has a target of $25.

Related Articles:

• Top 10 Options Trades for 2010
• 5 Gold Stocks Set to Double in 2010