United Technologies Stock Divided Technical views. United Technologies stock shows divided technical signals. What to do Buy, Sell or Hold.
United Technologies Stock:
- Would deploying $22 billion to acquire COL be a wise move for UTX?
- The math for shareholder repurchase is more lucrative.
- Maintain my bearish stance on the stock even if the deal goes through.
Bull Case Scenario:
United Technologies Stock has a failed breakout or Strong resistive reversal around $124. Then the stock starts to fall continuously every bounce has been sold out. But now it is near to the strong support zone of $114 to $116.
If the support holds then United Technologies has a life to go above all time highs. As the stock is near to the support zone Bulls have an edge.