RTX Corporation : A support level that should be taken advantage of
Entry price | Target | Stop-loss | Potential |
---|
US$109.76 |
US$119.7 |
US$106.4 |
+9.06% |
---|
United Technologies Corporation shares are closing back in on major support levels around 107.42 USD based on daily price data, which could offer attractive entry points.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 107.42 support.
● The company returns high margins, thereby supporting business profitability.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
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