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Actionable news in UTX: UNITED TECHNOLOGIES CORPORATION,

United Technologies (UTX) Fights Back; Shares Could Rocket 10%

NEW YORK (TheStreet) -- United Technologies (UTX - Get Report) peaked in February and traded lower until August. Prices bounced but made a slightly lower low in September before UTX staged two short-term rallies to the upside, moving back above the 50-day simple Moving Average.

This first chart of UTX, above, also shows a good example of a bullish divergence with prices for UTX making lower lows but the momentum study making higher lows, indicating that the decline was slowing.

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We get a different perspective on UTX from this chart, above. We have a neutral On-Balance-Volume line and a declining 40-week MA. The Moving Average Convergence Divergence oscillator is crossing, and the result of all this is that UTX could rally to the underside of the declining 40-week average or to around $110.

Separately, TheStreet Ratings team rates UNITED TECHNOLOGIES CORP as a Buy...


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