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United Technologies Is Poised for a Breakout

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Shares of United Technologies (UTX - Get Report) have been stuck in a narrowing range just below major resistance since late February. This key zone, just above $101, had previously capped the October and November highs of last year. Following yesterday's impressive upside reversal, a break through this heavy zone may finally be at hand. Until then, United Technologies is trading in a very low-risk buy zone while the potential for a significant upside breakout intensifies.

Despite the consistent resilience the $101 area has shown to penetration, the pullbacks from this level have been covering less...


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