RTX Corporation : A little step for important target
Entry price | Target | Stop-loss | Potential |
---|
$83.99 |
$0 |
$83.1 |
-100% |
---|
United Technologies Corporation is a diversified company organized in five sectors of activity: aeronautics, aerial navigation system, elevators, climate engineering and security. Funded by Elisha Otis, who invented the safety elevator in 1852, and one year later, launched the Otis elevator company. The Apollo 11 landed on the moon was supported by environmental control and life support system manufactured by UTC’s branch.
According to Thomson-Reuters’ consensus, the company seems correctly valued with a price earnings ratio of 15x for this financial year, and an enterprise value to revenues of 1.38 for the same year. The company’s revenues are revised regularly upward by analysts covering the enterprise.
Technically, the share is in bullish trend in short and mid-term. This trend is supported by moving average 20 periods. From its low of 67 USD hit in August, the share has retraced more 60% of the downward trend began last July. The share is testing the 85 USD long term resistance. If at trading session’s closure the share is above this level, we could fix a target price at 91 USD, historic higher reached last July. We could place a stop loss around 20-days moving average at 83 USD, in order to cover a position.
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