Jan 26, 2021 (Stock Traders Daily via COMTEX) -- The Raytheon Technologies Corp /zigman2/quotes/203237915/composite RTX +0.32% report below can help you, but we have more details too. The trading plans for RTX, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for RTX help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this RTX Report.
The technical summary data tells us to buy RTX near 58.93 with an upside target of 70.16. This data also tells us to set a stop loss @ 58.76 to protect against excessive loss in case the stock begins to move against the trade. 58.93 is the first level of support below 67.2 , and by rule, any test of support is a buy signal. In this case, support 58.93 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of RTX as it gets near 70.16 with a downside target of 58.93. We should have a stop loss in place at 70.36though. 70.16 is the first level of resistance above 67.2, and by rule, any test of resistance is a short signal. In this case, if resistance 70.16 is being tested, a short signal would exist.
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