ShortRaytheon just broke through a Head and Shoulder formation. When the stock price reaches 63.65USD again the price might drop even further. And you would have a good Chance/Risk ratio.
RTX trade ideas
RTX Quick Short62.36 is the support from 5/26.
If it drops past there isn't much support until 60.
We've opened a short to play this gap.
The sell volume has also been decent these past few weeks which makes confident the decline is sustainable.
RTX Bullish Cypher, Dave Portnoy is early! I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up.
I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long would be C to D retrace of .382 and .618, but I will leave half on for trend continuation higher.
$RTX -- H/S$RTX I want to be bullish because of all the military chatter happening with china and the middle east. Watching the potential H/S pattern on this tho.
RTX SHORT PLAYSharing my RTX short play for the week and possible entry for Long play. Any feedback would be awesome. Mahalo
I do like RTX as a long play as well after merging with united technologies. The products they provide in aerospace, drones and defense systems will play a role in the future imo.
beat earnings last 4 quarters
est eps for Q2 2020 much lower @ .36 (expected)
increased Revenue over past 4 years
government funded ?
Balance sheet looks ok I think. Still new to understanding how many zeros to add.
RTX TA Here is my technical analysis for Raytheon Technologies. It is currently in a wedge and looking for a breakout. We could either have the break above $69.00 to the upside to test the resistance of 71.76 or the rejection of the wedge and a break down to the next critical level of support at $62.08.
Decent 50% fib spreadgravestone doji possible price pressure, BUT 50% fib possible upside move and flag breakout near consolidation.
Raytheon (RTX) - Pull back or breakout?Here at YouCanTrade, we have been keeping watchful eye on defensive stock Raytheon NYSE:RTX , which has been trading below its 8 day EMA over the past 2 weeks of trading. The last two days of positive market activity has helped Raytheon pullback to its 21-day moving average, which could be a signal for taking a position in the direction of the downward trend. However, the option volume tells a slightly different story. The current call volume for RTX is 14,500 calls, largely outweighing the 5000 puts traded today. That is nearly 3 times as much volume on RTX calls than puts.
So, I am going to watch this trade idea and put it to the test.
As of 12 pm ET on May 19th, the RTX 59 strike puts expiring June 19th, 2020 are trading at a mid-price of $2.50. I am simply going to monitor the price change on this put option over the next few days to see who got it right. The bulls? or the bears?
Raytheon Technologies Corporation $RTXHere goes the breakdown!
It was a little obvious with breaking down the support line with a retest.
Ray 60% entry looking long for a quick move to the upsideLooking decent on the indicators and good spread. Long
RTX is a Bullish Pattern Here is a clear Bullish Pattern from my perspective and and it'll be long for NYSE:RTX very soon.
My prediction is btw 70-74 , 79 is possible as well.
Please share your idea.
Thanks
RTX Bullish 30day Long $85+NYSE:RTX
Since the merger with United Tech, RTX has made significant gains in its new share price. I agree with the Bulls assessment of RTX: Pratt & Whitney’s placement on the A320 family and A220 aircraft should substantially increase the company’s installed base of engines, which would unlock decades of high-margin servicing revenue. The firm’s missile and missile defense segment produces products that are prioritized by the National Defense Strategy, which should lead to consistent growth. Raytheon Technologies is well balanced between commercial aerospace and defense, which would partially insulate the combined firm from a downturn in either segment.”
Expecting a share price of over $85 in the next 30 days.
I have long positions in this stock.
Be effective and happy trading!
- Darell
New Raytheon Technologies - when resistance can become a floorWatch a break of 59 to confirm the inside week and up, where 59 / 60 resistance becomes the new floor for the future of Aerospace and Defense.
