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Top Stock #8: Textron Inc. (TXT)
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.
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Article printed from InvestorPlace Media, http://www.investorplace.com/2010/01/top-stocks-to-buy-for-january/.
©2012 InvestorPlace Media, LLC
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