United Technologies Corporation shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term. Investors should benefit from the breakout of the $ 110 level to target the $ 115.1.
In a short-term perspective, the company has interesting fundamentals.
The group's high margin levels account for strong profits.
Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 98.89 USD
The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
The stock is close to a major daily resistance at USD 109.69, which should be gotten rid of so as to gain new appreciation potential.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
Manufactures engine parts, elevators, and air-conditioning equipmentUnited Technologies Corp. engages in the provision of products and services to the building systems and aerospace industries worldwide.It operates through five business segments: Otis, UTC Climate, Controls & Security, Pratt &...