United Technologies Corporation (UTX) Shares are Up 0.25%

United Technologies Corporation (UTX) : Traders are bullish on United Technologies Corporation (UTX) as it has outperformed the S&P 500 by a wide margin of 3.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.25% in the last 1 week, and is up 3.81% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

United Technologies Corporation is up 10.8% in the last 3-month period. Year-to-Date the stock performance stands at 15.91%. The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 5.03%.


United Technologies Corporation (NYSE:UTX): The stock opened at $109.01 on Friday but the bulls could not build on the opening and the stock topped out at $109.42 for the day. The stock traded down to $108.90 during the day, due to lack of any buying support eventually closed down at $109.14 with a loss of -0.17% for the day. The stock had closed at $109.33 on the previous day. The total traded volume was 2,388,773 shares.

Also, Equity Analysts at the Barclays maintains the rating on United Technologies Corporation (NYSE:UTX). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency raises the price target from $108 per share to $110 per share. The rating by the firm was issued on July 27, 2016.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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