United Technologies (UTX) May 4, 2015 preview

The technical picture for UTX shares has deteriorated a lot recently. Firstly, price broke the uptrend line in March. Secondly, price fell below the 2014 high, which functioned as support till then. Bearish as long as price is lower than $117.50.

UTX stock price (1.5 years)

utx

Chart courtesy of StockCharts.com. http://stockcharts.com

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