Time for Investors to Take the Plunge on United Technologies Corporation (NYSE:UTX)

Equity Research firms currently have a positive stance on shares of United Technologies Corporation (NYSE:UTX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $114.24 on a short term basis.

At the time of writing, the stock was trading at $101.48. This represents a change from the opening price of -1.06%. In terms of performance, year to date, the stock is 8.79%. The monthly stock performance comes in at -4.02%. For the quarter, shares are performing at 2.42%. Weekly performance analysis shows the equity at 0.20%.

In taking a look at technical levels, shares are trading -3.77% away from the 50 day simple moving average and 2.82% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -7.26% away from it’s 52- week high and 24.17% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, United Technologies Corporation’s RSI stands at 41.23. In looking at volatility levels, the shares saw weekly volatility of 1.26% and 1.41% over the past month.

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