Wednesday, October 24, 2018 11:46:41 AM
Yesterday, leading Dow Jones Industrial Average component, United Technologies Corp (NYSE:UTX), reported earnings that was well received by the street. Unfortunately, the stock is giving back all of its gain from yesterday and is close to making new 3-month lows. The stock is now trading below its 50 and 200-day moving averages, this is a sign of weakness in the near term. The next important support level for UTX stock will be around the $120.00 area. This level is where the stock was defended in May 2018 and will likely serve as important support again when retested.
Nicholas Santiago
InTheMoneyStocks
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
