Watch these two aerospace names this week. $UTX and $LMT (December 06, 2014)
I want to look at United Technologies ( NYSE:UTX ). Some of the defense names have actually been rocking; look at Northrop Grumman ( NYSE:NOC ), Honeywell ( NYSE:HON ) is doing okay, Lockheed Martin ( NYSE:LMT ) is doing all right as well. By the way Lockheed Martin ( NYSE:LMT ), I will say this, if this puppy gets up above 191.00 it’s likely going to go substantially higher, it’s going to continue this uptrend.
Back to United Technologies ( NYSE:UTX ), the thing with this is they’ve got this investors day on Thursday; now this stock really got killed, like really nasty and it still hasn’t regained it’s footing. But my bet is if the stock starts moving above $112.00, if it starts moving 112.00 then you’re probably going to see an attack on the old highs. If this starts to happen you’re probably also going to see the Dow rocking as well, so keep your eye on this. Keep you eye on that 112.00 level and this could be a pretty decent trade for you; at least it’s a good position.
I know this chart looks bad but this little consolidation here, if the stock breaks through that’s a sign that this was a pretty key low and the stocks not likely to go down again. But I’ll say it again, because there’s always the guy out there who doesn’t understand if. If the stock breaks out above this level then it’s likely going higher, not likely to go lower; use your stops just in case I’m wrong, and I am wrong, you are too, that’s why they call it trading as opposed to winning.
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